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PLAYBOOK TEMPLATES

Strategic Alliance Agreement

A Strategic Alliance Agreement documents cooperative arrangements between entities for mutual benefit. This playbook highlights IP ownership, performance metrics, and termination strategies.

Closing Conditions

Why This Matters: Clear closing conditions ensure that the transaction proceeds only when critical issues are resolved, reducing execution risk. Vague or one-sided conditions may allow the counterparty to walk away or force closure prematurely.

Negotiation strategy

If you're the Buyer:

Ensure that all closing conditions are clearly defined and within your control. Include specific carve-outs for industry-wide changes to protect against unforeseen circumstances.

If you're the Seller:

Negotiate for flexible conditions that allow for adjustments if market conditions change. Ensure that termination rights are balanced and not overly restrictive.

Essential elements

1

Conditions Precedent

Prerequisites for transaction closure.
2

Material Adverse Change

Protects against significant negative impacts.
3

Termination Rights

Allows exit if conditions unmet.

Action framework

ACCEPT

Propose edits when conditions are too vague or not aligned with business goals.

EDIT

Reject if conditions are overly one-sided or impossible to meet.

ADD

Add new language if critical conditions are missing or inadequately addressed.

PRO TIP

Always include a clear definition of material adverse change with necessary carve-outs.

Real-world examples

FAVORABLE

Preferred Closing Conditions

"Each Party's obligation to consummate the transactions is subject to the satisfaction or waiver of the following conditions precedent..."
NEUTRAL

Standard Closing Terms

"The Parties agree to proceed with the Closing upon satisfaction of all standard conditions..."
UNFAVORABLE

Unclear Closing Conditions

"The obligation to close is subject to conditions that may be determined at a later date..."

Alternative scenarios & positions

High-Risk Projects

In high-risk projects, ensure that closing conditions are stringent and include detailed risk assessments to protect against potential losses.

Cross-Border Transactions

For cross-border deals, include conditions related to regulatory approvals and currency fluctuations to mitigate international risks.

Technology Acquisitions

In tech acquisitions, focus on IP rights and integration capabilities as key closing conditions to ensure seamless transition.

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WEEK 1
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WEEK 2
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WEEK 3
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Your team builds initial playbooks, reviews existing clause libraries, and trains the DocJuris agent to align with your internal standards and negotiation positions.
WEEK 4
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