How to draft a watertight contract on your own?

Drafting a watertight contract can be really simple if you follow these simple Do’s and Don’ts:

The Do’s:

Always include the following clauses to avoid future litigation:

A. Consideration – value generated for each party.B. Deliverables – what goods or services will each party deliver.C. Responsibility – duties of parties while delivering.D. Default – what shall be the damages in case of default.E. Termination – when can the contract be terminated or deemed to be terminated.F. Timelines of deliverables – how much time is allowed for each work.E. Jurisdiction – which court shall be approached in case of a dispute.

The Don’ts:

A. Avoid using non-definitive words like ‘would’, ‘should’ etc. Instead, use words like ‘Shall’.B. If you want to exclude something, avoid vague and generic words. Instead, use words like ‘only’ and ‘exclusive’.

Conclusion:

Therefore it is always advised to get your documentation work done from a lawyer considering all the above points.

Your contract could be of a single page or 50 pages. But if you follow the above Do’s and Don’ts, you will have a good contract in your hand. In case you need any help, do contact a good lawyer.