By Chris Bennett and N. Todd Leishman
Most contract clauses fall into one of two classifications: 1. Deal-specific clauses, or 2. Boilerplate clauses. Deal-specific clauses, such as pricing, receive the primary focus of most parties when drafting a contract and will substantively differ from contract to contract. In contrast, a boilerplate clause, often referred to as “fine print” or “boilerplate,” is contract language that is substantively uniform from contract to contract.