A standardised contract frees the parties and their expensive lawyers to focus on the small part of each contract that varies from deal to deal, rather than drafting a new contract from scratch each time.
Project developers seeking financing in combination with tax incentives, while meeting regulatory requirements, face heavy and complex paperwork burdens.
"We have this confluence of demands which results in very substantial documentation and attendant expense if each project has to be approached as a one-off," says Howard Susman, a partner with business law firm Stoel
