# The Readability of Contracts: Big Data Analysis

Canonical page: https://works.battleoftheforms.com/papers/ssrn-4962098/

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𝔼(𝑆 −𝑆
𝑚𝑎𝑥 min⁡)

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CRM Flesch Kincaid
Contract Type % %
2001 2022 2001 2022
Change Change
Non-Competes,
Confidentiality, - -
14.5 16.5 15.9 18.5
& Post-13.80% 16.40%
Employment
Insurance,
Indemnity, and 17 19.2 18.5 25.1
13.00% 35.50%
Coverage
Ownership,
-
Trust, and 16.5 18.1-9.70% 18.9 23.2
23.30%
Governance
Mergers,
Alliance, and-16.2 17.7-9.30% 18.9 22.2
Investment 18.70%
Agreements
Shares, Stocks,
-
Incentives, and 15.6 17.2-9.90% 17.4 19.3
10.90%
Options
Credit, Debt,
-
and Security 16.4 17.7-7.90% 18.8 22.3
18.60%
Agreements
Property, -
16 17.2-7.50% 18.1 20.9
Rights, and IP 15.50%
Purchase or-Sale 16.2 17.3-6.80% 18.3 21
14.80%
Agreement
Settlement,
Waiver, and
16.6 17.6-6.00% 19.3 20.9-8.30%
Termination or
Severance
Employment
16.4 17.2-4.90% 18.7 20-7.00%
Agreement
Services &
15.3 15.2-0.7% 16.5 17.4-5.50%
Supply

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