Every deal lawyer knows which clauses are most important when working through a transaction: their own. But, according to Bloomberg Law’s Commercial Deal Insights Survey 2020, no one is really that special. We sliced the results by in-house vs. firm lawyer, by subject matter expertise, and over a broad range of contract types. Across the community of deal lawyers, the same four clause types were always on the table: indemnification; business terms; limitations of liability/damages; and representations & warranties/covenants.
Agreement on the Big Four
The survey focused on the cycle of contract negotiation, asking about contract lawyers’ experiences with ...
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