When Words Define the Future of a Business
Business attorney Daniel Fajardo wrote column for El Heraldo about the importance of precision in contracts, especially in mergers and acquisitions (M&A). Mr. Fajardo highlights the importance of clearly defining the terms in the contract, creating an internal "Dictionary" to prevent ambiguities and conflicts. This technique facilitates adjustments in contracts without completely rewriting them, but he warns about the need to carefully draft the terms, since poor definition can have significant repercussions on the interpretation and execution of the agreement. He also emphasizes the importance of using this resource wisely and focusing on the concepts that really influence the agreement.