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Practical Advice for an Efficient Transaction Process

The Signing Pen Mindset – Your Signature Means A Lot!

It may sound quaint or old-fashioned, but there was a time when a seasoned business executive would keep a special “signing pen” for executing important agreements.   Using a special pen for significant transactions captured the mindset that by writing their name, the signer had approved the agreement and accepted responsibility for the transaction.   The agreement…
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Putting the Genie Back in the Bottle: Wrapping Up the Transaction That Doesn't Close

Transaction Commons prides itself on being “Where Deals Get Done,” but we’re really about helping our clients run an effective and efficient transaction process.  And sometimes deals don’t get done. There are important process steps to wrap up a failed transaction that are sometimes ignored, and we think are worthy of a reminder.  One of…
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Herding Cats into an Efficient Transaction

After more than a decade of trying to make negotiated transactions more efficient – either as a transaction lawyer or running Transaction Commons – the best way to describe the effort, and too often its hope for success, is herding cats.   The classic Electronic Data Systems Cat Herders commercial from years ago presents the challenge.…
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Are You Signing the Right Document?

It’s finally here – signing day for your transaction.  The document may be in your email (or sent by an electronic signature application) and ready for your signature.  So perhaps signing is as easy as a simple click.  Or maybe the printed paper agreement is laying on your desk or sitting in front of you…
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The Efficient Transaction Playbook

What is “transaction efficiency”? Transaction efficiency means minimizing the waste of time, effort and money in the completion of a business transaction.  Transaction efficiency is not the same as transaction “effectiveness.“   Effectiveness of a transaction is a function of whether the transaction delivers the desired result.  For a complex business acquisition/sale transaction, effectiveness requires a…
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Revenge of the Unread

At Transaction Commons we are focused on transaction efficiency.  Transaction efficiency refers to the transaction process – minimizing the waste of time, effort and money in the interactions between parties.  Transaction efficiency is built around organization and effective communication, and offers the additional benefits of reduced confusion and aggravation.  A transaction process that is not…
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Apples versus Oranges: “Finding the Deal” versus “Closing the Deal”

There is a lot of excitement around the application of technology to transactions ranging from consumer loans, angel investing, commercial real estate, and business M&A transactions.  Many of these transaction platforms are designed to serve as an intermediary between the transaction parties.  The focus is on finding the deal by matching up potential transaction participants.…
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The Cornerstone of an Efficient Transaction

A “cornerstone” is a stone uniting two masonry walls at an intersection.  If we’re talking about a business deal, there are two main parties and the “transaction” is where they intersect.   How effectively and efficiently they intersect is the question.  Depending on the transaction, there may or may not be a future relationship between the parties.  In any case, they must work…
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Walk Before You Run: Transaction Efficiency Before Blockchain

For years there has been interest in streamlined transactions through electronic document signing, e-closings, and completely paperless transaction processes.   The act of physically signing a document has been cast as antiquated and wasteful.  Now the interest in this topic has accelerated with frequent media attention to broad applications of blockchain technology and its potential place…
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