Productive Contracts: Reverse Sandwich Contracts

What if lawyers wrote beautiful contracts that everyone could read, understand, and use? What if these contracts helped make negotiation easier and reduced commercial disputes? There is a fun and easy way to structure a contract so you get all the legal power of a traditional contract with ridiculous amounts of productivity for everyone that touches the contract (including lawyers, clients and customers). These are called Reverse Sandwich Contracts(TM). And that’s what we look at in Episode One. KEY TAKEAWAYS When you Reverse Sandwich a contract, you get a contract that is: more ‘hands off’ from the legal team - useful and usable for lawyers and non-lawyers - easier to manage and control - client-friendly - optimised for automated workflows - ready for paperless offices - fast to navigate - simple to vary later - futuristic and sexy! The ultimate structure aim of a productive Reverse Sandwich Contract is to get good stuff we often need to know or that often changes at the front (Key Details Table) and back (Schedule) and standardised stuff that doesn’t change in the middle (Standard Terms). Golden rule: If it changes regularly, pull it from the middle and put it up the front into a Key Details table or at the back into a Schedule (see the Checklist Legal Resources for examples) LINKS Earl of Sandwich: PJ Grosley, ‘Tour to London’ (1772). Big rocks vs Gravel: Steven Covey, ‘First Things First’, (1994). Cannot recommend this book enough: Daniel and Richard Susskind, Future of the Professions, How slow loading websites can affect sales: N Patel, ‘How Loading Time Affects Your Bottom Line’ blog.kissmetrics.com/loading-time/ and R Whittington, ‘Is A Slow Website Costing You Sales?’ rickwhittington.com/blog/is-a-slow-website-costing-you-sales/, both accessed 9 May 2017. Head to https://www.checklistlegal.com/podcast for show notes, resources links, and templates. Music: 'Sway this way' by @SilentPartner" See omnystudio.com/listener for privacy information.