1. The legal view 2. The business view 3. The “practical” view (aka gun to the head—what is actually the liability in terms of being sued?)
At this point, I’ve accepted the biz folks don’t usually care about understanding the legal side and I’ve stopped explaining why I need to fight opposing counsel on this contract clause.
I just tell clients “it matters and let me do me.”
Past pure intellectual curiosity, do any biz folks here feel they are losing out by not understanding the legal nuances?
I think it’s very important to understand the legal reasons as they’re usually associated with managing business/deal risks. My corporate counsel are some of my closest colleagues.
Question—
In deal work there are three views:
1. The legal view
2. The business view
3. The “practical” view (aka gun to the head—what is actually the liability in terms of being sued?)
At this point, I’ve accepted the biz folks don’t usually care about understanding the legal side and I’ve stopped explaining why I need to fight opposing counsel on this contract clause.
I just tell clients “it matters and let me do me.”
Past pure intellectual curiosity, do any biz folks here feel they are losing out by not understanding the legal nuances?
I think it’s very important to understand the legal reasons as they’re usually associated with managing business/deal risks. My corporate counsel are some of my closest colleagues.