Example：10.1021/acsami.1c06204 or Chem. Rev., 2007, 107, 2411-2502
Boilerterms Capital Markets Law Journal (IF), Pub Date : 2021-09-02, DOI: 10.1093/cmlj/kmab025 John F Coyle
Contract boilerplate generates many benefits for contract users. It also generates costs.
In the past, reformers have attempted to mitigate these costs by drafting model contract language and urging contract users to incorporate this language into their agreements.
This article argues in support of a different approach.
It calls for a replacing of several standard pieces of contract boilerplate with codes that the article dubs ‘Boilerterms’. Instead of writing a standard choice-of-law clause into an agreement, for example, the parties would write ‘Boilerterm COL—Broad (New York)’.
An authoritative guide prepared by experts would clearly define the meaning of the code, thereby making it easier for litigators and judges to interpret it.
The widespread adoption of Boilerterms would mitigate the costs generated by contract boilerplate more effectively than model contract language while preserving the many benefits conferred by that boilerplate.