About LiquidLaw
LiquidLaw provides members with price discovery for the value of legal contract terms. Any contract term (representation, covenant, ROFO/R, exclusivity, etc) can be valued by parties on LiquidLaw, and can be executed on basis of private or public contract. Covered areas include specific contract term pricing & negotiation, litigation finance, bids on existing public contract terms (executory contracts, claims, etc), and bids on general relationship between public companies Inclusion, deletion or amendment of terms with parties negotiation of contract can be ‘purchased’ to reach contract conclusion in a more efficient manner Disinterested parties to a contract, eg, unaffiliated shareholders (or non-shareholders) of publicly traded companies regarding materials contracts filed under Form 8-K, may be interested in using LiquidLaw to take positions on outcome of the contract (merger arb and/or material commercial contract outcome) LiquidLaw is available to claimants, law firms and financiers of intellectual property and commercial litigation In all cases, LiquidLaw ‘Legal Strips’ provide members with the ability to define the value of contract terms, and, in the case of their own contracts, in exchange for price adjustment and/or modification of other contract terms
Fractional Law Applications by Contract Fractional Law provides negotiating parties with the ability to use RFQ / IOI bid process to define and price specific open terms of a legal contract. Each presented contract clause has ‘settlement value’ for accepting, amending or deleting. Accelerates closing process. Several examples are cited below across various types of contracts.
Types of contracts
Merger & Acquisition Agreements: Bid & price rep & cov terms, ROFO/R, break fees, damages basket, etc.
Asset Purchase Agreements: Value placed on term of included / excluded assets, assumed / excluded liabilities, etc Investment Partnerships / Continuation Funds: Price hurdle / carry rates, co-investment terms, LP transfer rights
Shareholder Agreements: Bid on board seats, seniority / liquidation preference, reps / covs, anti-dilution terms
Reg Rights Agreements: Bid & value timing, shareholder order, size, frequency, etc
Employment Agreements: LTIP / vesting, non-compete, termination, severance
IP Licensing Agreements: Exclusive / non-exclusive, duration, scope, improvements, etc. can be bid & priced
Real Estate Lease Agreements: Required cap-ex, maintenance, insurance, duration, extension, step-ups, etc. under bid
Tax Benefits: Price and value ‘step-up’ value, deferral value, TRAs, etc as part of transaction and in isolation
Contact us
Let’s talk
We’re headquartered in New York with an office in Toronto and NJ -ready to serve clients across the U.S. and Canada.