Search
  • Melissa van der Merwe (Director)

ASAP, Legally Speaking


Lawyer Ignacio de Almagro, in this article, gives an interesting insight into a common legal drafting question:

Is there a difference between 'as soon as possible' and 'as soon as practicable'?

These are terms which are commonly used in our financial legal agreements, and as this article points out, it is important to distinguish between the meaning of each of these terms.

In short, 'as soon as practicable' is more flexible than 'as soon as possible'.

So ... where you need flexibility, 'as soon as practicable' is the right term to use; where you need urgency and a narrow reading of the term, use 'as soon as possible'.

#IgnaciodeAlmagro #commonlegaldraftingquestion #assoonaspracticable

37 views
  • White LinkedIn Icon

ISDA® is a registered trade mark of the International Swaps and Derivatives Association, Inc.
This programme is neither sponsored by nor affiliated with the International Swaps and Derivatives Association, Inc.

  • White Twitter Icon