Negotiating Global Contracts: Balancing Legal Risk and Commerciality
Abstract
Financial organisations have a far wider reach in today's business environment as the scale and scope of their customer base expands beyond local and regional borders. Accordingly in-house lawyers, as strategic and trusted advisors to the business, are required to exercise consistent legal and commercial judgement in negotiating global contracts. This paper examines the internal challenges of balancing Legal Risk and Commerciality when negotiating global contracts. The complexity of global contracts requires a unique blend of business and legal expertise.