Are nicknames/titles/roles in contracts necessary or just tradition?
Have always been curious about this. Not sure what the technical term is, but I mean when a contract says something like:
>... agreement between John Johnson (the "Tenant") and Mike Michaels (the "Landlord")...
Is this just a practical convenience of having more reusable templates for people to use without having to replace the relevant names throughout a contract, or does it serve a more legal purpose? In this example, say a lease agreement, would it still be valid if instead of
>...Tenant agrees to... Tenant will pay... etc
it read
>...Johnson agrees to... Johnson will pay... etc
?