5 Blair Co The b s top officers asked an investment bank to

5. Blair Co.\' The b s top officers asked an investment bank to find a buyer for the company ank sent an engagement letter to Blair with the following language: in 24 months after the termination of this agreement, Blair is bought by anyone whom Bank has had substantial discussions about such a sale, Blair must pay Bank its If, with full fee. Is there any problem with the drafting of this provision? What could be done to clarify the language?

Solution

In the given statement, it is not mentioned the specific dates of agreement, but mentioned that, within 24 months after the termination of this agreement, which is much wake, not specified the starting period of the contract. It should not be like this, the date of agreement commensed from must be mentioned includes the time also.

It mentioned about substantial discussions but not mentioned what are those. Those discussions and key points must be mentioned here. And it is not mentioned what is the total fee he will pay to the banker, it mentioned with clearcut numbers including the denomination of currency.