Writing numbers in contracts

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Writing numbers in contracts

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Lawyer-Approved Advice on How to Write a Legal Contract - wikiHow

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Writing numbers in contracts

Part II Structure and presentation of contracts 3 Main contract outline Setting up an agreement Best practice rules on drafting numbers. When writing out (very) large numbers, do not use and, except for separating the decimals. Ken Adams reports on a Houston court of appeals case: A bank sued to recover $ million from defaulting borrowers and their guarantor and won on summary judgment.

Unfortunately for the bank, though, the loan documents referred to the amount borrowed as “one million seven thousand and no/ ($1,,) dollars” (capitalization modified, emphasis added).

Responses to “10 Rules for Writing Numbers and Numerals” Jay Wagers on July 30, pm. Most of these are correct. But, concerning 7, the percentage symbol should not be used in everyday writing. In contracts numbers are usually written twice: in numerical and literal form. Why are numbers usually written twice in contracts?

And of course writing numbers twice (2x) so they are more easily seen. Note I wrote the above paragraph long to emphasize the point, not because it was clearer.

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