Explain why the legal agreement is important. Since the reader is unlikely to be an expert in this area, he or she will rely on you to explain the meaning of this Agreement. Was the price exceptionally advantageous, the delay particularly short or the penalties very high if the orders were not executed on time? Explain the strengths and, if applicable, weaknesses of the agreement. Keep in mind that if you were the driving force behind the agreement, this is also an appropriate and perhaps the only time to demand recognition for your achievements. In the first paragraph, clearly describe what happened and why it happened. The reader of a summary will likely be a busy manager who deals with a variety of issues and juggles multiple projects at all times. Therefore, you need to state the basics and reorient the drive before going into the smallest details. For example, the opening of the summary could read: “This report describes the agreement with the supplier signed on May 21 to determine the prices and delivery schedules of tires to be purchased from Tires Inc. for the coming year.” This opening will help the reader remember that an agreement for the supply of tires was due and will serve as a quick mental warm-up exercise. A summary is usually a one-page preview of a longer memo, business plan, press release, legal agreement, or important document.
The summary should communicate the why, what, and how of the problem concisely for a busy executive who doesn`t have time to deal with the details. You have to assume that even if the reader is interested in the topic and understands the broader concepts involved, they are not familiar with the details. As a general rule, the reader should be able to speak intelligently about the topic after reading the summary. Complete the summary by listing the following steps. Signing the agreement may require additional measures, such as.B. approval by the registered office, or the agreement itself may be incomplete, including a clause stating that truck tire delivery schedules are not covered by this legal document and that an additional agreement will be signed for them in the near future. This “forward-looking” projection will bring the summary to a logical conclusion and give the reader a good idea of what to expect next. It will prepare the ground for the next summary, which should follow. List all the important points of the agreement, ideally in different bullet points. Fleas are easier to read and absorb because they break down a complex problem into easily digestible parts. Chips must convey the basics of the agreement and not exceptions, special clauses or technical details. The executive who does not deal with tires every day may want to know that Tires Inc.
agrees to process tire orders within 25 calendar days, but does not need to know that if you order more than 50,000 tires, this period will be extended to 30 days or that special rules will apply to tires larger than 19 inches in diameter. Suffice it to add that bulk orders and some tire sizes include special clauses. Remember that the reader can always refer to the full legal agreement for more details. Hunkar Ozyasar is the former high-yield strategist at Deutsche Bank. He has been quoted in publications such as the Financial Times and the Wall Street Journal. His book “When Time Management Fails” will be published in 12 countries, while Ozyasar`s financial articles will be published on Nikkei, Japan`s leading financial information service. He holds an MBA from Kellogg Graduate School. .