{"id":909,"date":"2016-11-08T14:00:00","date_gmt":"2016-11-08T13:00:00","guid":{"rendered":"https:\/\/hub.findingsimple.com\/au\/resources\/resource\/traditional-legal-terms\/"},"modified":"2020-06-03T09:16:32","modified_gmt":"2020-06-03T09:16:32","slug":"traditional-legal-terms","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/traditional-legal-terms","title":{"rendered":"Why Traditional Legal Terms are Costing Your Business [Whitepaper]"},"content":{"rendered":"<p class=\"intro-paragraph\">Writing short contracts in simple terms saves work for all the users, improves sales and customer relations, and saves&nbsp;money for the business. For general counsel, these benefits are strong incentives to produce short, simple contracts,&nbsp;and this article gives various examples of in-house counsel who have achieved this. However, for the lawyer drawing&nbsp;up a specific contract, these are indirect long-term benefits, compared to an immediate cost and risk.<\/p>\n<p>This whitepaper examines the business risks of unclear, ambiguous, and complex contract terms and makes&nbsp;the commercial (and legal) case for a more straightforward approach. It also describes practical case&nbsp;studies showing the positive impact of simplification and outlines a plan for achieving it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Writing short contracts in simple terms saves work for all the users, improves sales and customer relations, and saves&nbsp;money for the business. For general counsel, these benefits are strong incentives&hellip;<\/p>\n","protected":false},"author":2,"featured_media":910,"template":"","categories":[625],"tags":[142,194,251,328,419],"resource_type":[638],"insight_job_role":[598,628],"insight_practice_area":[],"class_list":["entry","author-legaladmin","post-909","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-research-and-know-how","tag-contract-terms","tag-document-drafting","tag-general-counsel","tag-legal-contracts","tag-plain-language-law","resource_type-whitepaper","insight_job_role-in-house-lawyer","insight_job_role-solicitor","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Traditional Legal Terms are Costing Your Business (Whitepaper)<\/title>\n<meta name=\"description\" content=\"This paper examines the business risks of unclear, ambiguous, and complex legal terms and makes the commercial case for a more straightforward approach.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/traditional-legal-terms\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Traditional Legal Terms are Costing Your Business (Whitepaper)\" \/>\n<meta property=\"og:description\" content=\"This paper examines the business risks of unclear, ambiguous, and complex legal terms and makes the commercial case for a more straightforward approach.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/traditional-legal-terms\" \/>\n<meta property=\"og:site_name\" content=\"TR - 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