Magic words: Difference between revisions
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Far away, across the field <br /> | {{a|negotiation|Far away, across the field <br /> | ||
The tolling of the iron bell <br /> | The tolling of the iron bell <br /> | ||
Calls the faithful to their knees <br /> | Calls the faithful to their knees <br /> | ||
To hear the softly spoken magic spells - <br /> | To hear the softly spoken magic spells - <br />}}''[[cave verba magicae]]'' <br> | ||
There are some categories of [[magic word]]s that it is just not worth trying to improve, however leaden they appear: | |||
*'''[[Credit mitigation]] provisions''': [[security rights]], [[guarantees]], [[letters of credit]], [[close-out netting]] terms. They tend, in any case, not to be wildly controversial (for exactly this reason: they are sacred lore. Legal eagles respect and fear them too much to fiddle with them). | |||
*'''[[Deed]]'''s, particularly where they relate to real estate, about the legal aspects of which the JC knows and cares little. | |||
*'''[[ERISA]]''' plans | |||
{{c|Magic | {{c|Magic words}} | ||
{{sa}} | |||
*[[Cave verba magicae]] | |||
*[[Contractual risk]] | |||
Latest revision as of 13:07, 7 August 2021
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Negotiation Anatomy™
Far away, across the field
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cave verba magicae
There are some categories of magic words that it is just not worth trying to improve, however leaden they appear:
- Credit mitigation provisions: security rights, guarantees, letters of credit, close-out netting terms. They tend, in any case, not to be wildly controversial (for exactly this reason: they are sacred lore. Legal eagles respect and fear them too much to fiddle with them).
- Deeds, particularly where they relate to real estate, about the legal aspects of which the JC knows and cares little.
- ERISA plans