Standard Terms

1. Legal Friction & Standard Commercial Terms

A common experience of many practitioners is that the process of legal negotiation can unnecessarily impede or slow down commercial transactions, particularly technology transactions, which tend to be heavily negotiated.

This survey is a down and dirty attempt to test some assumptions about the problem and some potential solutions to reduce legal friction. Please excuse the sub-Nielsen like survey quality, but the goal is only to get some preliminary feedback and see if this is worth more effort. So thanks in advance. I'll publish results on my blog at http://lockshot.wordpress.com.

1. Are you in-house counsel, private practitioner, academic?

Are you in-house counsel, private practitioner, academic? Private Practice

In-house counsel (<$100M annual revenue)

In-house counsel ($100 - $500M annual revenue)

In-house counsel (>$500M annual revenue)

Education

Other

2. Which terms of commercial and technology agreements are most heavily negotiated in your experience?

	Very Little	Somewhat	A lot	Always & Forever
Definitions	Which terms of commercial and technology agreements are most heavily negotiated in your experience? Definitions Very Little	Somewhat	A lot	Always & Forever
Exclusivity	Exclusivity Very Little	Somewhat	A lot	Always & Forever
Business terms (price/quantity/obligations)	Business terms (price/quantity/obligations) Very Little	Somewhat	A lot	Always & Forever
Representations	Representations Very Little	Somewhat	A lot	Always & Forever
Warranty	Warranty Very Little	Somewhat	A lot	Always & Forever
Indemnification	Indemnification Very Little	Somewhat	A lot	Always & Forever
Limitation of Liability	Limitation of Liability Very Little	Somewhat	A lot	Always & Forever
Choice of Law	Choice of Law Very Little	Somewhat	A lot	Always & Forever
Venue	Venue Very Little	Somewhat	A lot	Always & Forever
Ownership	Ownership Very Little	Somewhat	A lot	Always & Forever
Payment Terms	Payment Terms Very Little	Somewhat	A lot	Always & Forever
Acceptance	Acceptance Very Little	Somewhat	A lot	Always & Forever
License Rights	License Rights Very Little	Somewhat	A lot	Always & Forever
Confidentiality	Confidentiality Very Little	Somewhat	A lot	Always & Forever
Change of Control & Assignment	Change of Control & Assignment Very Little	Somewhat	A lot	Always & Forever
Termination	Termination Very Little	Somewhat	A lot	Always & Forever

Comments

3. Which industry best describes your practice?

Which industry best describes your practice? Hardware

Social Networking

Publishing/Content Provider (music, video, books)

Telecommunications

Internet

Enterprise software/services

Consumer software/services

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