Best way to handle varying (non-defined term) terminology

Clause9 Drafting Clauses
1

In my board consent, I need to say “share of stock of the Corporation” if the entity is a corporation and “units of the Company” if it is an LLC.

Right now, I’ve defined an external snippet called #@equity-type that varies the text based on the datafield #entity-type.

Is this the best way to handle this? Or is it possible to create a table of some sort (the equivalent of a Contract Express lookup table) with a column containing corporate terms and another column containing its LLC equivalents?

Thanks.

2

Hi Kenneth,

This is indeed the right approach. (By the way, the lookup tables is a good idea, perhaps to be implemented in the future.)