Perspective
Apr. 5, 2017
Why is that a standard term?
When someone says a deal term is "standard," ask why. Then ask why again. By Scott Wornow
"That's just the way it's done." "It's always that way." "That's market." Simple refrains like those - authoritative, direct, unwavering - capture the response to many a legal situation or interaction. Whether it's an indemnification question in an M&A transaction, the typical "credits" to a dividend basket in a set of financial covenants, the "materiality" of a matter under Securities and Exchange Commission regulations, or the pa...
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