FR EA

Contract analysis

Clause-by-clause risk read on any document of the firm. Pick a contract, or open any document from a matter.

Contract analysis / issues-list-open-points-tracker-v2.xlsx
issues-list-open-points-tracker-v2.xlsx
1025-00008 · 20 clauses
High · 4 Medium · 2 Standard · 1
1. Definitions & Interpretation | 8 | 6 | 2 | 0 | 0 | Two minor definition refinements rem
1. Definitions & Interpretation | 8 | 6 | 2 | 0 | 0 | Two minor definition refinements remain (Derived Data, Permitted Purpose)
2. Grant of License / Scope | 5 | 4 | 1 | 0 | 0 | Scope of license for internal use agreed
2. Grant of License / Scope | 5 | 4 | 1 | 0 | 0 | Scope of license for internal use agreed; sublicense carve-out for affiliates open
3. Data Products & Delivery | 6 | 6 | 0 | 0 | 0 | Fully agreed at June 30 session — MCI Co
3. Data Products & Delivery | 6 | 6 | 0 | 0 | 0 | Fully agreed at June 30 session — MCI Consumer Credit File, MCI CommercialView, MCI AltSignal specifications finalized
4. Fees & Payment Terms | 7 | 5 | 1 | 1 | 0 | Year 1 fee ($10.8M), Years 2–5 ($12.3M/yr), Standard
⚑ Commercial term
4. Fees & Payment Terms | 7 | 5 | 1 | 1 | 0 | Year 1 fee ($10.8M), Years 2–5 ($12.3M/yr), quarterly installments agreed; MFN pricing clause remains CRITICAL OPEN
5. Most Favored Nation / Pricing Protection | 3 | 0 | 0 | 3 | 0 | ALL RED — Full MFN rejec
5. Most Favored Nation / Pricing Protection | 3 | 0 | 0 | 3 | 0 | ALL RED — Full MFN rejected by Meridian (Apr. 21); pricing audit right fallback under development by C&H; Meridian offered SLA-only 'most favored terms' (rejected by Quorum)
6. Service Level Agreement | 5 | 5 | 0 | 0 | 0 | Fully agreed — 99.9% uptime, latency stan
6. Service Level Agreement | 5 | 5 | 0 | 0 | 0 | Fully agreed — 99.9% uptime, latency standards, service credits resolved at June 30 session
7. Derived Data & IP Ownership (Article VII) | 8 | 0 | 2 | 6 | 0 | CRITICAL OPEN — Quorum
7. Derived Data & IP Ownership (Article VII) | 8 | 0 | 2 | 6 | 0 | CRITICAL OPEN — Quorum ownership position, license-back, revenue share (15%), sufficient transformation standard, QuorumScore carve-out, ML model output classification all unresolved
8. Data Security & Privacy | 6 | 5 | 1 | 0 | 0 | Substantially agreed; 48-hour breach noti
8. Data Security & Privacy | 6 | 5 | 1 | 0 | 0 | Substantially agreed; 48-hour breach notification accepted; sub-processor audit scope minor open point
9. FCRA / GLBA Compliance | 4 | 4 | 0 | 0 | 0 | Permissible purpose certification schedule
9. FCRA / GLBA Compliance | 4 | 4 | 0 | 0 | 0 | Permissible purpose certification schedule agreed; GLBA safeguard provisions agreed
10. CCPA/CPRA & Data Processing | 4 | 3 | 1 | 0 | 0 | DPA substantially agreed; de-identif
10. CCPA/CPRA & Data Processing | 4 | 3 | 1 | 0 | 0 | DPA substantially agreed; de-identification standard for Derived Data commercialization linked to Article VII resolution
11. Representations & Warranties | 5 | 4 | 1 | 0 | 0 | Meridian's data-accuracy rep still
11. Representations & Warranties | 5 | 4 | 1 | 0 | 0 | Meridian's data-accuracy rep still under discussion
12. Indemnification | 4 | 3 | 1 | 0 | 0 | Scope of Meridian's IP indemnity (covering data- High
⚑ Indemnity / guarantee obligation
12. Indemnification | 4 | 3 | 1 | 0 | 0 | Scope of Meridian's IP indemnity (covering data-accuracy claims) open
13. Limitation of Liability | 3 | 2 | 1 | 0 | 0 | Consequential damages carve-outs not yet
13. Limitation of Liability | 3 | 2 | 1 | 0 | 0 | Consequential damages carve-outs not yet fully aligned
14. Insurance Requirements | 3 | 3 | 0 | 0 | 0 | Agreed — Quorum: $5M CGL, $50M cyber; Mer
14. Insurance Requirements | 3 | 3 | 0 | 0 | 0 | Agreed — Quorum: $5M CGL, $50M cyber; Meridian: $5M CGL, $25M cyber/tech E&O
15. Term & Renewal | 3 | 3 | 0 | 0 | 0 | 5-year initial term agreed; auto-renewal mechanic High
⚑ Automatic / tacit renewal
15. Term & Renewal | 3 | 3 | 0 | 0 | 0 | 5-year initial term agreed; auto-renewal mechanics agreed
16. Termination & Post-Termination | 5 | 2 | 1 | 2 | 0 | Return/destroy raw data within 90 Medium
⚑ Notice / time limit to track
16. Termination & Post-Termination | 5 | 2 | 1 | 2 | 0 | Return/destroy raw data within 90 days agreed; Derived Data treatment post-termination CRITICAL OPEN; survival of Derived Data rights CRITICAL OPEN
17. Dispute Resolution | 3 | 0 | 0 | 3 | 0 | ALL RED — Quorum: exclusive jurisdiction SDNY High
⚑ Non-compete / exclusivity restraint
17. Dispute Resolution | 3 | 0 | 0 | 3 | 0 | ALL RED — Quorum: exclusive jurisdiction SDNY or NY Supreme Court Commercial Division; Meridian: binding AAA arbitration, 3-arbitrator panel, New York seat; no movement
18. Confidentiality / Publicity | 2 | 2 | 0 | 0 | 0 | Agreed; mutual NDA (NDA-QIH-MCI-2022 Medium
⚑ Confidentiality undertaking
18. Confidentiality / Publicity | 2 | 2 | 0 | 0 | 0 | Agreed; mutual NDA (NDA-QIH-MCI-2022-001) governs pre-closing; MDLA confidentiality section agreed
19. Corporate / Lender Consents & Conditions Precedent | 4 | 1 | 3 | 0 | 0 | Standish Nati
19. Corporate / Lender Consents & Conditions Precedent | 4 | 1 | 3 | 0 | 0 | Standish National Bank consent under Section 7.12(b) required ($60M exceeds $25M threshold); Quorum board resolution pending; Meridian board authorization pending
20. Miscellaneous / Boilerplate | 4 | 4 | 0 | 0 | 0 | Notices, assignment, amendments, cou High
⚑ Non-compete / exclusivity restraint
20. Miscellaneous / Boilerplate | 4 | 4 | 0 | 0 | 0 | Notices, assignment, amendments, counterparts — all agreed TOTALS | 92 | 62 | 15 | 15 | 0 | 67% agreed; 16% active open; 16% critical/red; 0% deferred [sheet: Detailed Issues Tracker] Issue # | MDLA Section / Schedule | Issue Category | Issue Description | Priority | Status | Status as of v1.0 (Jan 2023) | Change Since v1.0 | Quorum Position | Meridian / KP&A Posi