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Negotiation Anatomy™

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A statement only a private practice lawyer would say, usually in the context of a lack of time or resources. I.e., “Oh cripes that time line is hyper-aggressive, and this could all go totally pear-shaped. We don’t have time for a term-sheet; let’s just crack on and go straight to docs.”^[1]

Look: if you are doing an NDA, maybe there is some sense in that — though none in engaging a private practice lawyer to do an NDA in the first place, of course. (What are you? Mad?)

In any situation where engaging external counsel does make sense, then dispensing with a termsheet is a charter for utter disaster.

References

↑ Imagine a privately-educated north-London accent if you please.

[1] Imagine a privately-educated north-London accent if you please.

[1]

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See also

References