In this episode of Contract Teardown, attorney Jim Lowry digs into a Chicago-area residential real estate agreement to ask: what do we gain with standardized contracts? Illinois State law dictates that brokers cannot draft sales agreements, so Multi-Board Contract 7.0 streamlines real estate transactions and ensures they are all subject to the same protections and procedures. Hear what Jim has to say about the document and decide for yourself if a standard form makes things easier on attorneys. Contract: MULTI-BOARD RESIDENTIAL REAL ESTATE CONTRACT 7.0 https://drive.google.com/file/d/1I0CWohZ042bFWrB2eDfZyUayFGbCXLCe/view?usp=sharing ​ About Law Insider: We’re all about contracts! Law Insider (https://www.lawinsider.com​​​​) is a subscription based contract database and resource center that helps over 250,000 lawyers and business owners draft and negotiate contracts more effectively. Join the Community We think drafting and negotiating contracts is one of the most important skills you can build as an attorney and business owner. Law Insider is committed to supporting our user community with the tools and resources to help build these skills. Where to Start  Looking for sample contracts, clauses or defined terms? Create a Basic Access Account and try it out. Looking for educational videos, webinars and articles on drafting and negotiating best practices? Visit our resources center.  Plans and Pricing Law Insider offers monthly, annual and team subscriptions. For full pricing and packaging details, visit our pricing page at lawinsider.com/pricing. Check out our on-demand webinars: https://www.lawinsider.com/resources/ ​​Check our our reviews on G2: https://bit.ly/3cbBCZ1​​​​ Check out our tutorials: https://support.lawinsider.com​ Follow Law Insider on Twitter: https://twitter.com/lawinsider​​​ Join the Law Insider Facebook Community: https://www.facebook.com/groups/lawin... ======================================== Law Insider Promo Code: TEARDOWN2 ========================================