pass this along to: To forward or communicate information to someone. Example: I’ll pass this along to the client and let you know their response.
Let’s not let them play us to the end: Let’s not allow them to keep delaying or taking advantage of us until the very end of the negotiations. Example: They’ve already postponed this twice. Let’s not let them play us to the end.
airtight: Completely secure, thorough, or free from legal or logical weaknesses. Example 1: We need to make sure the indemnity provision is airtight. Example 2: I don’t think that argument is completely airtight.
concur with: To agree with someone’s opinion, conclusion, or recommendation. Example 1: We concur with your analysis. Example 2: I concur with the client’s proposed approach.
amortized fee: A fee that decreases over time according to a predetermined schedule. Example: This contract provides for an amortized termination fee that gradually reduces over the life of the project.
insulate A from: To protect A from the effects, risks, or consequences of something. Example 1: The indemnity is intended to insulate the Buyer from losses arising from the Agreement. Example 2: This structure insulates the lenders from construction risk.
ring-fence: To isolate or protect particular assets, liabilities, or risks so they do not affect other assets or obligations. Example 1: The parties agreed to ring-fence the liabilities relating to the legacy litigation. Example 2: The project assets are ring-fenced from the sponsor’s other businesses.
true-up: A adjustment or reconciliation to ensure that payments reflect the actual amounts owed. Example 1: The parties will perform a monthly true-up based on the actual electricity generated. Example 2: Any overpayment or shortfall will be settled through the monthly true-up process.