Episode 73

All Things Contracts with Laura Frederick, CEO of How to Contract

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Episode 73

All Things Contracts with Laura Frederick, CEO of How to Contract

Here’s how Adam Becker at Cockroach Labs turned AI from experiment into daily legal ops power.

Summary

Introduction: 0:00

  • Laura Frederick, Founder and CEO of How to Contract and Managing Attorney at Laura Frederick Law, joins the podcast.
  • Hosting ContractsCon, an in-person and virtual event in Las Vegas.
  • Formerly working as Senior Commercial Counsel at energy and renewable companies like Tesla, SolarCity, and more. 
  • Laura on working in Singapore and Hong Kong early in her legal career.

Why Laura chose contracts as her core practice area: 5:52

  • Laura on coming into law from a humanities background.
  • Finding contract language to be an exciting challenge.
  • The flexibility of business documents.

Drafting contracts for energy and renewables: 10:17

  • Laura on working in multiple industries at law firms.
  • Looking for a 9-to-5 job during her third pregnancy.
  • Getting a crash course on the business of energy.
  • Dealing with contracts that go way beyond energy.

Laura’s favorite types of deals: 13:54

  • Laura on equipment and manufacturing contracts.

Contract drafting tips and tricks: 15:39

  • Laura on diving deep on legal concepts.
  • Gaining operational insight.

Considering a more generalist role: 17:50

  • Laura on realizing she doesn't want to be a general counsel.
  • Leaning into the parts of your job that you love.
  • The source of her passion for commercial contracts.
  • Being driven by service and a love for words.

Common mistakes during contract drafting: 23:19

  • Laura on saying the same thing multiple times.
  • Big consequences for repetitive language.

How to negotiate more effectively: 25:10

  • Laura on understanding your risks.
  • Leveraging your bargaining power.

Tips for breaking a negotiating log jam: 27:59

  • Laura on moving forward without pushing through. 
  • Keeping it professional.
  • Preserving the relationship between all parties.

Lessons from mentors: 33:03

  • Laura on A-level effort for A-level work.
  • Tempering your effort based on the importance of each deal.
  • Deciding when not to negotiate a contract like an NDA.
  • Finding the exceptions when NDAs need to be negotiated.

Founding How to Contract: 36:39

  • Laura on anxiety and fear as drivers.
  • A lack of good training for core contract skills.
  • Launching her own law firm in 2019.
  • Starting a training business after posting daily on LinkedIn.
  • Relaying her experience to others before she retires.

Leaving Tesla to make the leap to business owner: 40:06

  • Laura on finding safety in owning her own business.
  • Understanding that job security is always false.
  • Finding clients through LinkedIn.

Focusing on mental health: 44:19

  • Laura on the importance of therapy.
  • Challenging your systems of control.
  • Finding the time to see a therapist.

Finding Laura’s businesses online: 51:10

Rapid-fire questions: 54:08

  • Laura on her favorite part of the day.
  • What Laura wishes she’d known as a young lawyer.

View AI generated transcript

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Host
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GUEST
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