It should have the effect of discouraging bad behavior by any party in the contract as well as encouraging a more succinct and simple contract.
I am constantly amazed at how much 'boiler plate' stuff needs to be re-defined in each and every contract (at least in America). It's as if the concepts of a standard contract, where one thing is exchanged for another or payments are made on a term, doesn't exist.
I am constantly amazed at how much 'boiler plate' stuff needs to be re-defined in each and every contract (at least in America). It's as if the concepts of a standard contract, where one thing is exchanged for another or payments are made on a term, doesn't exist.