Welcome to “Law 101: Hints & Issues.”
See below PowerPoint Lesson on how to negotiate a Service & License Agreement.
If you are interested in mastering the 12 Secrets to negotiating contracts, Meet Your Instructor, Attorney Raymond Husum, on Thursday, April 27th, 2023 @ 0900 (NEW YORK CITY TIME).
During our Complimentary (Free) Meet & Greet, we will customize your start date and time so that your lessons will work around your busy schedule. Discounted Group Rates Available.
Space is limited!
​
Register Now @ https://us06web.zoom.us/meeting/register/tZEtdumqqTIqEtOu8n9y5qwtSACIbv9ZNzK3
Volume 2023, Issue #3: Contract Hints & Legal Issues: March 2023
Contract Negotiation 101: Service & License Agreement
​
1. Based on the below verbiage, what type of contract are you agreeing to?
In the event you as an individual or entity, continue past this slide and/or participate in this course, you agree that Raymond G. Husum doing business as ESL Legal Academy: (1) is the Copyright Owner of this lesson and recording thereof, including, but not limited to, use of your likeness, and (2) grants you a license to use it, provided, however, such license terminates upon termination of this lesson.
Answer = Unilateral Agreement
2. What is the number one rule for negotiations?
​
Answer = Practice makes Perfect!
​
3. Do you know what an Element in Contention (EIC) is?
​
Answer = An EIC is a word, provision or legal subject matter that must be negotiated and agreed upon by the parties before negotiations may conclude.
​
4. What are/is the EIC in this negotiation? See Lesson.
​
5. What is the Six Step of the 12 Secrets of Contract Negotiations?
Answer = Find out Reason for Change or Party’s Concerns
​
6. What does a Service Level Agreement (SLA) describe?
​
Answer = The network uptime and remedies related to downtime.
​
7. What are Best Efforts?
​
Answer = A party's obligation to perform at a level higher than commercially reasonable or reasonable, or in other words, to leave no stone unturned.
​
8. What is an Exclusive Remedy?
​
Answer = Specified Damages that may supercede Direct and/or Indirect/Consequential Damages.
​
9. What Negotiating Strategy would you use to convince the other party to agree to:
​
(1) Best Efforts;
(2) Liquidated Damages; and
(3) Eliminating Service Credits.
​
To see our negotiating strategy, please Left Click on your mouse for best viewing. Otherwise, you can use Arrows at bottom of PowerPoint Presentation to proceed through lesson. Find a colleague for this lesson. During the lesson, you can be either the provider/seller/vendor or recipient/buyer/vendee of a good of service.