Contract design: What is it?

[@chioma2743]

thank you for this beautiful talk, ms. korhonen! I’m a law graduate from nigeria seeking a pívot into legal design and I’m curious about one thing: the business case for transparency in contract design, especially in the absence of regulation? I mean, there’s a reason companies for example like to put exclusion clauses and other contestable parts of contracts in tiny text because it’s to their advantage. do you see them adopting contract design and becoming more transparent? even if it means losing some of that advantage? I mean technology is disruptive in itself but do you think those involved such as companies have more to lose than to gain? thank you!

[@lawyersdesignschool]

Hi Chioma, thank you for this! You are absolutely right. Sometimes companies use tiny text to their advantage so that the unfavorable clauses would not be so visible. But the world is changing, consumer behavior is changing: we demand more transparent and balanced contracting. And while it may seem that companies would be losing some of the advantage, if they are playing the long game, they do benefit from increased trust and transparency with their clear and understandable - and fair! - terms.

[@chioma2743]

@@lawyersdesignschool thats true for sure. thanks a lot for engaging

[@madhavbansal6231]

Hello ma'am , I am a law student from Bharat(India), I just recently came to know about the term legal design thinking, and I am very excited about it, but confused where should I start and how? Please guide me it would be wonderful. Thanks.

[@lawyersdesignschool]

Hello Madhav, happy that you have found legal design thinking at the early stage of your lawyer career. It will set you up for a new kind of lawyering and help you to help your future customers so much better! We have a cool free resource for you to start diving into legal design applied in contracts, it's an Ultimate Starter Kit for Contract Design and you can find it here: lawyersdesignschool.com/start Also, we'll be launching a Contract Design School in November and that is a great place to start learning the foundations, contract design framework and the practical tools. You can sign up for the waiting list here: lawyersdesignschool.com/contract-design Hope to see you there! Hannele / Lawyers Design School

[@tmkoclife11]

@@lawyersdesignschool Thankyou very much ma'am, for your kind support.