Commercial Precedents and Contract Drafting

Professional Skills

CPD Points 1


This course provides a practical guide to developing and maintaining a commercial precedent system and on drafting clear and effective commercial contracts.

Good precedent systems have the potential to save lawyers time and to help them to provide a more efficient service to clients. Strong drafting skills enable a lawyer to make the best use of these systems by adapting precedent documents to meet clients’ needs.

This course discusses how lawyers and firms can develop and maintain a commercial precedent system. It examines the different methods by which precedent systems can be developed or sourced, the categories of documents which can be commonly included and other issues.

It also provides an overview of different techniques designed to improve the clarity and readability of commercial contracts. These techniques can be used by lawyers drafting commercial contracts afresh, or based on documents drawn from a precedent system. 

The course also provides an overview and refresher on the impact of the Personal Property Securities Act on different precedents, particularly the drafting of security agreements.


Last Reviewed: February 2022

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LawCPD Authors: William Gough

Dr William Gough

Dr. Bill Gough is an independent legal consultant specialising in the drafting and development of corporate, commercial, banking and security precedent formwork systems for legal firms.

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What Lawyers Say

  1. 4.0/5
    Interesting and useful.
    I thought this was interesting and useful for my practice as I'm looking to draft some specific precedents.
    - Astrid Di Carlo, Solicitor, Russell Kennedy
  2. 5.0/5
    LawCPD is my recommended CPD provider.
    This is a very good CPD course. When someone asks me for a CPD provider, I recommend LawCPD.
  3. 5.0/5
    Quick understanding of key drafting concepts!
    Excellent course! Gives you a quick understanding of key concepts in drafting and some relevant and useful examples to get you going.
    - Joel George, Solicitor, Colquhoun Murphy Lawyers
  4. 5.0/5
    Very useful.
    Very useful drafting tips
  5. 5.0/5
    This course is EXCELLENT.
    This course is EXCELLENT......Keep up the good work. I will recommend it to others.