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This is so true. Even the lawyers have trouble with the language in these documents. I've often had to work with large legal documents and it's not unusual to
by todd8 12y ago
This is so true. Even the lawyers have trouble with the language in these documents. I've often had to work with large legal documents and it's not unusual to find serious mistakes in them. Once I was doing a deal that involved some nested partnerships and I realized that the lawyer (one of the best in town) had made an arithmetic mistake that would have mistakenly allocated an excess $70,000 to me over the course of the project! The attempt to express numerical relationships in english is just too easy to screw up.
Another time a contract had a weird compounded interest increase in percentage ownership that, the way it was written, kept increasing the percentage every year so that by the time the contract was over the other party would have something like twenty million dollars more equity than I did!!! I didn't trust the lawyer that wrote it (again one of the top lawyers in town) so I walked away from that deal, ignoring the claims that it was just a mistake.