Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / memo-pre-negotiation-strategy-risk.docx
memo-pre-negotiation-strategy-risk.docx
Parties
Quorum Insurance Holdings Corp
Harkness LLP
Ashe LLP
Galloway Nash LLP
Breckenridge Capital Management LLC
Pinnacle Ridge Advisory LLC
Strauss LLP
Dates
August 22, 2022
August 8, 2022
August 15, 2022
June 15, 2021
December 31, 2023
Amounts
$60,000,000
$10,800,000
$12,300,000
$1,500,000
$49,200,000
$2,700,000
$3,075,000
$0.003
$1.42
$438
Obligations
Meridian must recognize that Quorum has options, and that an unreasonable negotiating posture risks losing the deal to a competitor
The MDLA must include a certification schedule in which Quorum specifies the applicable permissible purpose categories under which it will access and use the data
The certification schedule must be carefully drafted to cover all of Quorum's intended use cases while remaining within the boundaries of permissible purpose
Prioritization of Issues We recommend a three-tier prioritization framework that distinguishes between issues where Quorum must prevail, issues that are important but where compromise is acceptable, and issues that can be traded in exchange for concessions on higher-priority items
Tier 1 — Must-Win: Derived-Data Ownership and Commercialization Rights
Quorum must own all intellectual property in derived data