The extract below from my recent article is so important. As a litigator I see time and again the problems caused by directors and business owners relying on agreements or clauses which they have found on the internet or borrowed from other documents which end up providing little effective protection. The worst example I’ve seen being a multi million pound contract taken from an internet precedent inadvertently adopting the laws of the state of Texas!
It is particularly important in relation to covenants. A badly drafted “borrowed” clause can leave you chasing shadows with nothing to enforce.