Quarter-end is a hectic time for contracts professionals on the sales and procurement sides because of the high pressure to close contracts.Read more
The contract drafter in a business setting plays multiple key roles, such as zealous advocate, lawmaker, and futurist.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
As a SaaS supplier, ensure that your contract gives you adequate rights and licenses to the data your customer provides you so that you can do all the things you need to do to provide the SaaS and other related services. If you collect usage data or will be aggregating your customer's data into (hopefully, anonymous) data sets, make sure that you get the appropriate rights to do so as well.
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