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PLAYBOOK TEMPLATES

Joint Defense & Common Interest Agreement

A Joint Defense & Common Interest Agreement protects privileged communications among aligned parties in litigation. This playbook provides guidance on scope, waiver risks, and confidentiality obligations.

Representations & Warranties

Why This Matters: Overly broad or inaccurate representations can expose parties to unexpected liability and litigation. Tailoring these provisions reduces the risk of materially inaccurate statements and expensive indemnity claims.

Negotiation strategy

If you're the Party A:

Ensure that all representations are backed by thorough due diligence. Insist on materiality qualifiers and appropriate time frames to limit liability.

If you're the Party B:

Negotiate to limit the scope of representations to avoid overcommitment. Ensure that any exceptions are clearly documented in the disclosure schedules.

Essential elements

1

Organization and Authority

Party's legal standing and power.
2

Due Authorization

Approval of agreement execution.
3

No Conflicts

Agreement compliance with laws.

Action framework

ACCEPT

Propose edits when representations are too broad or lack materiality qualifiers.

EDIT

Reject clauses that impose unreasonable liability or are unsupported by due diligence.

ADD

Add language to address specific risks identified during due diligence.

PRO TIP

Always cross-reference representations with due diligence findings to ensure accuracy and completeness.

Real-world examples

FAVORABLE

Standard Representations and Warranties

"Each party represents and warrants to the other party as follows: Organization and Authority, Due Authorization, No Conflicts, Consents and Approvals, Accuracy of Information, Compliance with Laws, Litigation."
NEUTRAL

Jurisdiction-Specific Language

"Modify the clause to include jurisdiction-specific language and requirements."
UNFAVORABLE

Overly Broad Representations

"Each party represents and warrants all information is true without any materiality qualifiers."

Alternative scenarios & positions

High-Risk Projects

In high-risk projects, representations should be more detailed and include specific risk mitigation measures to protect both parties.

Cross-Border Transactions

For cross-border deals, ensure compliance with international laws and include representations about foreign regulatory approvals.

Start-Up Acquisitions

In start-up acquisitions, focus on intellectual property representations and the accuracy of financial statements.

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