Advice for young in-house lawyers: Documentation and negotiation insights

Avoiding common pitfalls which unnecessarily complicate business transactions starts with a focus on teamwork, organization, and documentation.

Increased complexities in commercial agreements – unique pricing models, rapid technological innovations, and increasing government regulations – have translated into mounting challenges for in-house attorneys tasked with properly organizing and documenting contract negotiations. While young in-house lawyers understand the concept of accurately and clearly transforming the business intent of a transaction into writing, even seasoned attorneys must remain focused to ensure their transactions are diligently organized and properly documented in order to avoid the common pitfalls that unnecessarily complicate business transactions. With this in mind, young in-house attorneys should remember that transactional business is a team sport, properly documenting the negotiation process is essential, and negotiating dynamics are an integral part of any transaction.

 

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Jason Mosley

Jason Mosley is corporate counsel for an industry leading Software-as-a-Service technology company. He holds a J.D., M.B.A., and LL.M in corporate governance. 

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Contributing Author

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Alexander Bernshteyn

Alexander Bernshteyn hold a J.D. from Loyola University Chicago School of Law and shall serve as corporate counsel for an industry-leading technology company upon successful...

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