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Many companies I know of find a similar competitor and copy their terms, replacing names and other specific info. Legally, it's weak and won't replace having a
by aspir 15y ago
Many companies I know of find a similar competitor and copy their terms, replacing names and other specific info. Legally, it's weak and won't replace having a general counsel draft up a document, but you likely don't have the money for a 100% fresh copy. Do this at your own risk, of course.
On a related/unrelated note, the original Virgin Records contract for Mike Oldfield was another label's contract with this same find/replace action.
- glimcat 15y agoChecking out your competitors and drafting a version on your own is often a good starting point. You can sometimes save on legal hours and get something closer to what you want if you try this first and then run the result by your lawyer. Side note, avoid direct plagiarism.