The CrossCheck 365 Blog

Deconstructing Contracts with CrossCheck 365

Posts by: Steve Gullion

Duplicate Definitions

Terms Defined More Than Once A term should only be defined once in a document. If a term is defined more than once, any variation between the definitions can lead to serious problems. This error was found in 69.8% of…

The “this section” Error

The “this section” error is a self-reference such as “pursuant to this Section 3.4” which appears in a section other than Section 3.4. Did the author intend to refer to “this” section (wherever the self-reference appears) or another section (presumably…

The “as defined in” Error

This contract drafting error was found in 31.6% of EDGAR documents analyzed by CrossCheck 365. It stems from (i) a reference to a defined term “as defined in” a particular section or (ii) an entry in an index of defined…

The CrossCheck 365 Top Ten

Contract Drafting Errors Found on EDGAR Welcome to The CrossCheck 365 Top Ten. The following is a list of the top ten drafting mistakes in public company contracts, as filed on EDGAR. To come up with this list, we used…