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Episode 73

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

Episode 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.
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Host
Tyler Finn
Head of Community & Growth, SpotDraft
Guest
Laura Frederick
Founder and CEO, How to Contract

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