Our team negotiates a lot of contracts and works with many clients across a broad range of industries. Over the years, we've noticed a varied approach to the contract negotiation process. Some clients are highly involved, participating on every call and paying close attention to details, while others prefer to remain in the background and jump in only when directed by their lawyer. However, the vast majority of business people fall somewhere in the middle – leading the negotiation of core terms such as price and payment terms – then deferring to legal counsel to handle provisions such as indemnification, limitation on liability and other legal boilerplate.
Armed with this information, the business team is better equipped to make informed decisions about what is a comfortable amount of risk for their company. After all, at the end of the day, it is your business decision, not your lawyer’s decision, that will drive forward the transaction.
In this 3-part series, we will dissect common legal provisions, often viewed as “legal only issues,” to illustrate how gaining a better understanding of these issues can positively impact your business and help you best protect your interests.
Read Part 1 - The Basics of Contract Damages.
Brian Heller is a Member of Outside GC’s Washington D.C.-based team, and is an experienced technology and deal attorney, specializing in SaaS software licensing, Virtual Reality (VR) products and services, digital and social media, online advertising, mobile apps, cloud services, terms of use, data use and protection and content licensing. Brian has represented both vendors and customers and uses this experience to present reasonable positions on behalf of his clients. Brian can be reached at bheller@outsidegc.com.
