10
PLAYBOOK TEMPLATES
Medical Equipment Lease Purchase Agreement
A Medical Equipment Lease & Purchase Agreement governs acquisition or leasing of medical devices and technology. This playbook addresses maintenance, warranties, and ownership transfer terms.
Insurance and Risk Management
Negotiation strategy
Ensure that the insurance coverage meets industry standards and includes all necessary types such as general liability and professional liability. Request proof of insurance annually to verify compliance.
Offer comprehensive insurance packages that cover a wide range of risks, including cyber liability. Provide clear documentation and proof of coverage to facilitate smooth contract execution.
Essential elements
1
Insurance Coverage
Types and limits of insurance.
2
Claims Handling
Procedures for claims resolution.
3
Proof of Insurance
Documentation of coverage.
Action framework
ACCEPT
Propose edits if coverage limits are insufficient or if claims handling procedures lack detail.
EDIT
Reject if the clause allows self-insurance without proof of coverage.
ADD
Add language for specialized insurance in high-risk activities.
PRO TIP
Always verify the financial stability of the insurance provider to ensure they can meet potential claims.
Real-world examples
FAVORABLE
Preferred Insurance Clause
"The party shall maintain general liability insurance with coverage limits of no less than $1,000,000 per occurrence and $2,000,000 aggregate. Proof of insurance shall be provided annually."
NEUTRAL
Fallback Insurance Clause
"The party shall maintain insurance coverage with limits appropriate to industry standards and provide proof of insurance upon request."
UNFAVORABLE
Unfavorable Insurance Clause
"The party may self-insure for certain liabilities without providing proof of coverage."
Alternative scenarios & positions
High-Risk Activities
Contracts involving high-risk activities like clinical trials require additional insurance coverage to address specific risks.
Regulatory Compliance
Ensure insurance clauses meet regulatory requirements to avoid legal penalties and ensure smooth operations.
International Operations
Consider additional insurance for international operations to cover jurisdiction-specific risks and liabilities.
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WEEK 1
CLM Readiness and Design
Our CX team works with you to understand your contracting challenges, prioritize key workflows, and identify the biggest impact areas. We build a tailored implementation plan that fits your needs.
WEEK 2
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WEEK 3
Deliver & Test
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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