Let’s face it – no one likes Term Sheets. Lawyers dislike the concept because of how haphazard and vague the first cut of the document can be and business clients do not like the idea of having to read, edit and sometimes even incorporate language into a Word document. Love it or hate it, should we be wary of this seemingly rough and preliminary document that is based on the premise of being non-binding? We explore a recent development in today’s piece.

Lawyers. Latin. Legalese. The world seems to be veering away from jargon in contract drafting and general parlance, but we would like to make a humble exception in today’s Bridge Legal piece (a shoutout to one of our followers for requesting this analysis is in order). Ipso Facto – a phrase that simply means, ‘by that very fact’, finds itself to be the focus of India’s Supreme Court in yet another interesting decision that has wide implications for contracts countrywide.