We are days away from closing a deal, and the attorney on our side made a comment that we need to close soon, because the other attorneys were sending back revisions on agreements with nothing but changes on spelling and where commas should go. I knew we had crossed the line from negotiations into logistics, but it seems we have gone all the way into the grammar stage. When you are paying your attorneys $400 / hour, a few misplaced commas are OK.
We are stalled waiting for the seller to receive a research contract. The problem is that once the deal is done the seller will no longer qualify for the contract. All the attorneys agreed that if he signed the contract before the transaction, it would be a legal contract. So everyone decided to wait for a few weeks to see if the seller could get the federal government to push the contracts through. The feds are apparently expediting the contract, but in the meantime we wait.
Usually the pace doesn’t slow like this. There is always a time when you realize you are now spending all your time on the pure mechanics of getting everything done (e.g. legal docs, payroll moved over, contracts conveyed, lease handled, etc.) instead of negotiating terms (e.g. who pays for sick time owed). However usually the pace quickens until finally everyone works late for a few days – and then you close. It is a nice change to have everything done and ready, but a tad nerve-wracking at the same time. My job is attack delays and make them go away, but in this case there was a very good business reason to wait – but it still makes it hard to do.