Drafting a legal document is a skill of encapsulating rights, obligations, and liabilities of parties pertaining to a transaction. The drafting is a common word used by legal professionals such as lawyers. The legal draft presented is very precise wording that describes what the contracting parties want, their needs, desired, and objectives. Consent is expressed in legal terms to be made as reference in case of dispute.
The following aspects are the most important terms found in the legal documents. Some of them might not be necessarily found in every legal document, such as the preamble:
These terms are explained briefly in the following sections.
The legal document has a title that describes the scope and the area of the agreement such as interbank wakalah placement agreement, corporate wakalah placement agreement, or master agency agreement, and so forth. The title is mentioned on the first page.
The date of the agreement. The date is mentioned on the first page.
The preamble is an introduction to a book or a written document; an introduction to something you say. Normally the preamble is found at the beginning of the agreement. The preamble is an introduction to the legal agreement contents ...