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How do you use a contract to drive negotiations forward? How can redlines help you save time? What is the importance of internal alignment to contract negotiation? I had an incredible discussion with Nada Alnajafi about contract redlining etiquette in this episode of Negotiations Ninja.
Nada has been practicing law for over 12 years and is currently corporate counsel for Franklin Templeton. Nada recently wrote "Contract Redlining Etiquette," which focuses on using smarter redlining practices to drive contract negotiation forward. This is a book all contract professionals need to read. She covers some important concepts from her book in this episode. Don't miss it!
Outline of This Episode- [2:10] Learn more about Nada Alnajafi
- [3:37] Get on the same page about the redlining process
- [5:36] Proper etiquette with redlining + comments
- [8:23] Working with outside counsel on contracts
- [11:34] Why I despise separating commercial from legal
- [12:38] Using redlining to make negotiations more efficient
- [15:27] The operational implications of what you're contracting for
- [18:23] The impact of artificial intelligence on the redlining process
- [20:39] How Nada handles "hidden redlines" in contracts
- Nada's Book: Contract Redlining Etiquette
- Navigating the Limitation of Liability Clause with Jeanette Nyden, Ep #256
- Nada's Website
- Contract Nerds
- Connect on LinkedIn
- Follow Negotiations Ninja on Twitter: @NegotiationPod
- Connect with Mark on LinkedIn
- Follow Negotiations Ninja on LinkedIn
- Connect on Instagram: @NegotiationPod
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