Boilerterms

13 Pages Posted: 24 Jul 2021

See all articles by John F. Coyle

John F. Coyle

University of North Carolina School of Law

Date Written: July 22, 2021

Abstract

Contract boilerplate generates many benefits for contract users. It also generates costs. In the past, reformers have attempted to mitigate these costs by drafting model contract language and urging contract users to incorporate this language into their agreements. This brief Essay argues in support of a different approach. It calls for replacing several standard pieces of contract boilerplate with codes that the Essay dubs “Boilerterms.” Instead of writing a standard choice-of-law clause into an agreement, for example, the parties would write “Boilerterm COL—Broad (New York).” An authoritative guide prepared by experts would clearly define the meaning of the code, thereby making it easier for litigators and judges to interpret it. The widespread adoption of Boilerterms, the Essay argues, would mitigate the costs generated by contract boilerplate more effectively than model contract language while preserving the many benefits conferred by that same boilerplate.

Suggested Citation

Coyle, John F., Boilerterms (July 22, 2021). Available at SSRN: https://ssrn.com/abstract=3891713 or http://dx.doi.org/10.2139/ssrn.3891713

John F. Coyle (Contact Author)

University of North Carolina School of Law ( email )

Van Hecke-Wettach Hall, 160 Ridge Road
CB #3380
Chapel Hill, NC 27599-3380
United States
919-843-9634 (Phone)

HOME PAGE: http://www.law.unc.edu/faculty/directory/coylejohnf/

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