A Joint Drafting Clause is a statement in a contract that specifies that both parties have jointly drafted and negotiated the terms of the agreement. The clause is commonly used to ensure that each party has had equal input in the agreement and that any disputes that arise in the future will be handled in a fair and reasonable manner. There are two main types of Joint Drafting Clauses: the Mutual Drafting Clause and the Bilateral Drafting Clause. The Mutual Drafting Clause is typically used when two parties are negotiating a contract together, while the Bilateral Drafting Clause is used when one party drafts the contract and the other party reviews and makes revisions. Both types of clauses provide assurance to both parties that their input into the contract was considered and respected.
Joint Drafting Clause
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Example of clause regarding Joint Drafting of the lease. This clause may be deemed to have been drafted by all Parties and, in the event of a dispute, no Party shall be entitled to claim that any provision hereof should be construed against any other Party by reason of the fact that it was drafted by one particular Party.
A Joint Drafting Clause is a statement in a contract that specifies that both parties have jointly drafted and negotiated the terms of the agreement. The clause is commonly used to ensure that each party has had equal input in the agreement and that any disputes that arise in the future will be handled in a fair and reasonable manner. There are two main types of Joint Drafting Clauses: the Mutual Drafting Clause and the Bilateral Drafting Clause. The Mutual Drafting Clause is typically used when two parties are negotiating a contract together, while the Bilateral Drafting Clause is used when one party drafts the contract and the other party reviews and makes revisions. Both types of clauses provide assurance to both parties that their input into the contract was considered and respected.
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