<!doctype html public «-//w3c//dtd html 4.0 transitional//en»> http-equiv=content-type> Negotiating and drafting business contracts is an important task for senior corporate managers and attorneys. Yet serious errors are frequently made that cannot be remedied at a later time point and incur major costs. This work provides a comprehensive overview of options for contract design, presents a broad range of disputed cases, and offers practical suggestions for manageable solutions.