Contract Nerds

How to Close More Contracts Before Quarter-End

September 15, 2021 Contract Management, Contract Negotiations Nada Alnajafi, Esq.

Quarter-end an be a hectic time for contracts professionals on both the sales and procurement side because of the high pressure to close a high volume of contracts in a short amount of time. These deadlines are tied to an organization’s revenue recognition or budget spend requirements. So the internal business teams are extremely motivated to get contracts closed. So the pressure is on. During this time, apply the best practices described in this article to close as many contracts as possible.

Exploring the Many Roles of the Contract Drafter by Joel Matteson for Contract Nerds

Exploring the Many Roles of the Contract Drafter (aka the Straw that Stirs the Business Drink)

September 8, 2021 Careers in Contracts, Contract Types Joel Matteson

The contract drafter in a business setting plays multiple key roles, such as zealous advocate, lawmaker, and futurist. Performing these various roles effectively requires conscientiously handling details at the runway level while helping your client achieve a 30,000-foot perspective of goals, future contingencies, and trade-offs. In filling these overlapping roles, the transactional lawyer truly is the straw that stirs the business drink.

Mandatory Arbitration Clauses, Beyond Just Boilerplate

September 1, 2021 Beyond Just Boilerplate, Contract Drafting Rebecca Gray

Mandatory arbitration clauses are considered one of the more complex boilerplate contractual clauses. And for good reason. There are many factors to take into consideration before deciding, in advance, in a contract, that arbitration is better than court for a particular dispute.

It’s Never Just Boilerplate

August 17, 2021 Beyond Just Boilerplate, Contract Drafting Rebecca Gray

Our job as contracts professionals is recognizing what the circumstances require, assembling the best examples and templates to start from, and understanding how and where to revise language to meld these pieces into a roadmap that will facilitate smooth execution of the deal while protecting both parties from undesirable outcomes. That’s why common contract language isn’t just boilerplate.

API Licensing Agreements, Shahed Kader, Contract Nerds

Important Provisions of API License Agreements

August 3, 2021 Contract Drafting, Contract Types Shahed Kader

Like any other technology product, the sale and acquisition of an API product is done through a license agreement. But, selling an API product isn’t exactly like selling a Software-as-a-Service product or a licensed software. There are some specific nuances that need to be contractually identified in API License Agreements, as discussed in this article.

How to Create and Use a Signature Authority Chart

July 21, 2021 Contract Management Flo Nicolas

To avoid turning your masterfully negotiated contract into a time-consuming scavenger hunt, be sure your organization has a clear and efficient signatory process and accompanying signature authority chart. Providing your team with efficient tools that are readily available and accurate will increase your team’s productivity and enable you to deliver signed contracts even faster.

Contract Redlining Etiquette Rule #9 by Nada Alnajafi for Contract Nerds

Contract Redlining Etiquette – Rule # 9 on Contract Bias

July 8, 2021 Contract Negotiations, CONTRACT REDLINING ETIQUETTE™ Nada Alnajafi, Esq.

Contract experts need to be mindful of implicit biases that can arise in contracts, contract negotiations, and contracting technologies. Eliminating implicit bias in your contracts will help you negotiate better contracts, forge deeper relationships, and promote the principles of diversity, equity and inclusion. This Rule #9 on Eliminating Bias will address how to identify and eliminate implicit biases – such as language, gender, and resource bias – from our contracts.

Critical Clauses in Commercial Lease Agreements by Neil Greenbaum, for Contract Nerds

Critical Commercial Lease Clauses – Tenant Side

June 16, 2021 Contract Negotiations, Contract Types Neil Greenbaum

Signing a commercial lease is a big deal for most business owners. Not only is the business assuming considerable financial obligations as the tenant, but it is extremely probable that the business owner will have to personally guarantee some (if not all) of these obligations. If the business owner is unable to, the implications may be disastrous. In this article, real estate attorney, Neil Greenbaum, provides a list of critical clauses in commercial lease agreements that tenants should take into consideration.

Contract Redlining Etiquette – Rule # 8 on Final Versions, by Nada Alnajafi, for Contract Nerds

Contract Redlining Etiquette – Rule # 8 on Finalizing

June 2, 2021 CONTRACT REDLINING ETIQUETTE™ Nada Alnajafi, Esq.

While the contract redlining process can be fun, alas, it must come to an end at some point. But before you send the contract off for signatures and scratch this one off your To-Do list, there are a few steps you should take to ensure that the final version of the contract is truly the final version. This Rule #8 outlines three main stages of preparation that you are responsible for before you send a final contract out for signature: 1) Control, 2) Verify, and 3) Clean.

A Roadmap for Small Business Asset Purchase Agreements

May 19, 2021 Contract Types Shawn M. Peddycord

Acquisitions are complex and, at times, frustrating. However, it is possible for everyone to win as long as the parties and professional advisors work in good faith toward the same end goal of closing the transaction. This article provides a roadmap for the key terms of an Asset Purchase Agreement from both the Buyer and the Seller side.

How to Close More Contracts Before Quarter-End

Exploring the Many Roles of the Contract Drafter (aka the Straw that Stirs the Business Drink)

Mandatory Arbitration Clauses, Beyond Just Boilerplate

It’s Never Just Boilerplate

Important Provisions of API License Agreements

How to Create and Use a Signature Authority Chart

Contract Redlining Etiquette – Rule # 9 on Contract Bias

Critical Commercial Lease Clauses – Tenant Side

Contract Redlining Etiquette – Rule # 8 on Finalizing

A Roadmap for Small Business Asset Purchase Agreements

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