Anyone can prepare a contract. However, an attorney with experience in drafting contracts – and in particular drafting contracts of the type in question – can add great value.
Experience with contracts for a given situation has multiple benefits including:
Most people have no idea how extremely contracts for any given situation can vary, including in the extent to which they favor one party or the other. A person who is not experienced with a particular type of contract may look at a form contract, an example contract, or a contract presented by the other party, and it may appear fine even though it is terribly disadvantageous or inadequate. A person who is not experienced with the type of contract in question might not realize that:
Anyone can write up the economic terms of a business deal. But contracts are not just about documenting the business terms. Contracts also serve important functions in providing for the handling of contingencies and allocating the risks of and liabilities that can arise from unintended developments. Someone who is not experienced in drafting contracts for a situation might not realize the risks and legal issues that are present and the ways in which those risks and issues can be addressed.