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For the love of redlines.
Contract Nerds provides a home for all things contracts, by and for attorneys, procurement specialists, and contract negotiators.
A Game Plan for Tackling Third-Party Paper, Part 2 of 2, by Ani Bhat, for Contract Nerds

A Game Plan for Tackling Third-Party Paper, Part 2 of 2

Using third-party paper can be a bit like playing a football game on the road – if you don’t have a smart game plan, you’re going to be in trouble. That’s why it is important to have a strategy when reviewing and negotiation your counterparty’s contract template. Especially when you’re dealing with a complex contract, like a SaaS agreement. Last week’s article introduced the first two plays to consider when you’re stuck using someone else’s template.  Check out this week’s article for the remaining plays.

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A Game Plan for Tackling Third-Party Paper, by Ani Bhat, for Contract Nerds

A Game Plan for Tackling Third-Party Paper, Part 1 of 2

Using your own contract template while negotiating a commercial agreement has been compared to playing a football game in your own stadium. When you’re playing at home, you are familiar with the layout and there are rarely any surprises. On the other hand, when you’re playing away, there are variables that you should take into consideration.  Using third-party paper can be a bit like playing a football game on the road – if you don’t have a smart game plan to review the template and identify the differentiators, you’re going to be in trouble.

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Seven Common Contract Annoyances and Tips for Dealing with Them, by Paul Swegle, for Contract Nerds

Seven Common Contract Annoyances and Tips for Dealing with Them

Paul Swegle – law professor, book author, and General Counsel – shares his top 7 contract peeves and tips on how to deal with them. For those who are newer to commercial negotiations, it may be useful to realize that these annoying issues are out there and headed your way. As with most endeavors, knowing in advance there may be ups and downs and having tools to address them can help us maintain perspective and good judgment.

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Why Rushed Contract Reviews Are Bad for Business

Last-minute contract reviews are frustrating for all contract reviewers. But this issue should be equally frustrating to the entire organization because it is bad for business, too. A rushed contract review negatively impacts the entire deal, including commercial terms, and can cost the business thousands, if not millions, of dollars in contract leakage and other missed opportunities.

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Uplevel Executive Conversations With Customizable CLM Dashboards by Olga Mack for Contract Nerds

Uplevel Executive Conversations With Customizable CLM Dashboards

Because contracts lay the groundwork for significant aspects of how businesses operate, gathering and analyzing contract data is crucial to understanding your organization’s health and outlook. Executives want to know how many contracts your team is working on, what types of contracts, and how to speed up the contract review process. That’s why it’s important to customize your CLM dashboard and maximize access to and communication regarding your valuable contract data.

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Cover Your SaaS! How to Prepare for SaaS Negotiations by Meghna Vink for Contract Nerds

Cover Your SaaS! How to Prepare for SaaS Negotiations

Saas contract experts are expected to be more than just legal experts, but also SaaS product experts. There are several approaches you can take early on in the sales cycle to streamline the contract negotiation process. For SaaS contract experts, this article offers practical tips to create a more efficient and successful SaaS negotiation before you even get to the contract.

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The Battle of the Formats and Why PDFs Are Losing

The Battle of the Formats and Why PDFs are Losing

“Will restricting changes to a contract template by use of a restrictive format help speed up the contract review process?” The simple answer is NO. In fact, choosing the wrong, aka a restrictive, format will only delay the contract review process. Using PDFs in commercial contracts is on the decline. This article will provide a winning strategy for streamlining contracts the right way.

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Contract Redlining Etiquette Rule #6 on Re-Drafting by Nada Alnajafi for Contract Nerds

Contract Redlining Etiquette – Rule #6 On Re-Drafting

Remember, you’re still drafting even while negotiating. The key to drafting a clear contract is to re-draft clearer contractual terms that correspond with your redlines and reflect the parties’ intent. The best way to accomplish this is for the party requesting a substantive change to propose the corresponding language. Here are some best practices to keep in mind for this simple yet often overlooked rule of thumb.

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New In-House Lawyer by Nimisha Dubey for Contract Nerds

Tips for a New In-House Lawyer from a New In-House Lawyer

If you are reading this, it is likely because you have landed that new gig as an in-house lawyer (congrats!) or you are looking to make a switch to an in-house role. Whether you are coming from private practice, fresh out of law school, or making a lateral move to a new company, the learning curve as an in-house lawyer is steep. That does not mean, however, that you cannot conquer it! Here are some valuable tips for a new in-house lawyer from a new in-house lawyer.

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