This AI tool allows you to create contracts 10x faster. Better than Chat GPT and most human lawyers.
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An acceleration clause allows a lender or other party to demand full and immediate repayment of a debt if certain conditions are triggered, such as missed payments or a breach of agreement. Instead of following the original schedule, the entire balance becomes due at once, giving…
A sunset clause places an expiration date on certain rights, obligations, or even the contract itself. Unless extended, it automatically ends after the set period, making it useful in shareholder agreements, joint ventures, and legislation. It ensures that arrangements are…
A limitation of liability clause sets boundaries on how much one party must pay if things go wrong in a contract. It can cap damages, exclude indirect losses, or otherwise limit exposure, making it a cornerstone of commercial negotiations. These clauses are vital for managing…
A most favored nation clause guarantees that one party always gets terms as favorable as those offered to anyone else. This is common in licensing, distribution, and investment deals where fairness and competitive balance matter. It protects against being disadvantaged if another…
A severability clause ensures that if one provision of a contract is unenforceable, the rest of the agreement remains valid. Without it, a single defective clause could threaten the entire deal. This safeguard is critical in complex agreements where durability matters.…
An alienation clause, particularly relevant in real estate and finance, restricts the transfer of property interests without the consent of the lender or contracting party. It is designed to protect against unapproved assignments that may alter the risk profile of the…
A due on sale clause empowers a lender to call the full balance of a loan immediately upon transfer of the collateral property. Frequently embedded in mortgage agreements, it prevents borrowers from passing advantageous financing terms to successors without lender consent. This…
Just published: How a $45M mistake by Akerman LLP shows what’s broken in legal drafting—and how tools like DraftLex help prevent it.
Most contract errors never make headlines. This one did.
👉 medium.com/p/akermans-45-…
💥 How much time are you wasting on contracts?
✂️ Copy-pasting messy clauses
🔢 Broken numbering
🕵️♂️ Clause hunting at midnight
🧨 MS Word meltdowns
With Draftlex it takes 2-3 minutes to create a clean contract template:
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Why spend…
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