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Standard Contracts: Benefits, Challenges, And The Path To Adoption With Jake Stein

Above The Law

Contracts are the backbone of commerce, but they often create friction, delay, and unnecessary expense. Heres what we learned about why standard contracts matter and how they can reshape the way we do business. The concept of standard contracts isnt new. Jake sees standard contracts as the free lunch of legal innovation.

Contract 100
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US Supreme Court to review enforceability of choice of law in maritime contracts

JURIST

LLC , which asks the court to determine whether a choice of law clause in a maritime contract can be deemed unenforceable due to “strong public policy.” While this case looks at choice of law in maritime contracts only, the court’s decision could have broader effects on contract law in the future, specifically with choice of law provisions.

Contract 118
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Justices to consider choice-of-law clauses in maritime insurance contracts

SCOTUSBlog

For the readers who decided to continue past my opening paragraph, Great Lakes Insurance falls within the admiralty power of the federal courts, which authorizes the federal judiciary to articulate a federal common law for maritime contracts. Great Lakes Insurance involves a maritime insurance contract.

Contract 110
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Proskauer settles suit claiming 1 contract clause caused client’s $636M loss

ABA Journal

It covers the trends, people and finances of the legal profession from Wall Street to Main Street to Pennsylvania Avenue. The ABA Journal is read by half of the nation's 1 million lawyers every month.

Contract 120
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Justices order vigorous enforcement of choice-of-law clauses in maritime insurance contracts

SCOTUSBlog

The argument revealed a bench deeply skeptical of the uncertainty maritime insurance contracts would face under a lower-court decision limiting the enforcement of choice-of-law clauses in those contracts. In this case, for example, a European insurance company insured a yacht owned by a Pennsylvania company.

Contract 112
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Standard Contracts: Benefits, Challenges, And The Path To Adoption With Jake Stein

Above The Law

Contracts are the backbone of commerce, but they often create friction, delay, and unnecessary expense. Heres what we learned about why standard contracts matter and how they can reshape the way we do business. The concept of standard contracts isnt new. Jake sees standard contracts as the free lunch of legal innovation.

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Future 1L eligible for NBA draft, thanks to close reading of contract

ABA Journal

It covers the trends, people and finances of the legal profession from Wall Street to Main Street to Pennsylvania Avenue. The ABA Journal is read by half of the nation's 1 million lawyers every month.

Drafting 106