Should numbers be spelled out in contracts?
2) Use words for simple figures from one to ten. Use figures for numerals from 11 upwards and for all figures that include a decimal point or a fraction.
How do you write out dollar amounts in legal documents?
For example, write $15,237 as fifteen thousand two hundred and thirty-seven dollars. If you write an amount that contains one cent, write the word and after the word dollar. Next, write the amount in cents, followed by the word one hundred. For example, write $32.45 as thirty-two dollars and forty-five cents.
What should be included in a business purchase agreement?
A description of what is being transferred, such as specific physical assets, customer and supplier lists, and the company name, as well as any copyrights, patents, trademarks, trade names, or other intellectual property; this may include the manner in which assets will be transferred, such as with a bill of sale
How do you write numbers in official documents?
A simple rule for using numbers in writing is that small numbers ranging from one to ten (or one to nine, depending on the style guide) should generally be spelled out. Larger numbers (i.e., above ten) are written as numerals.
What are the numbers in a contract called?
The articles are numbered I, II and so on. The sections are numbered 1.01, 1.02 and so on. The subsections are lettered; for example, subsection 1.02(a), 1.02(b), 2.01(a) and so on. The clauses are in lowercase roman numerals; for example, clause 4.06(a)(i), 4.06(a)(ii), and so on.
What is the proper way to number a contract?
You can number sections consecutively (i.e. 1., 2., 3. or (1), (2), (3)) or you can number the articles and sections using a multiple-numeration system (i.e. the sections of article 2 being numbered 2.1, 2.2, 2.3). Do not number sections 2.01, 2.02, 2.03, or 2.1., 2.2., 2.3. (with an extra full stop).
How do you format a purchase agreement?
At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
How do you write amounts in a contract?
Legal Writing Tip: Its All in the Numbers Spell out numbers below 10 and big round numbers. If you chose to spell out multi-word whole numbers between 22 and 99, use hyphens. Also use hyphens when those numbers are part of bigger numbers. When writing large numerals, use commas.
