Application For 
2017 Transactional LawMeet
Application Deadline:  5:00 p.m. on Monday, November 14, 2016

What is the Transactional LawMeet?
The Transactional LawMeet is a "moot court" experience for students interested in transactional practice.  It requires students to work in teams to draft a transactional agreement and to negotiate its provisions with other student teams.  Teams are judged by a panel of experts from practice who evaluate the teams’ success in achieving the goals of the parties.  
How does the Meet work? 
Teams represent one of the two parties to the transaction (i.e., the buyer or seller).  Each team will draft a proposed earn out provision taking into account the legal issues as well as the client’s wishes.  Each team’s draft provision will be submitted to another team to provide a mark-up.  Each team will then receive a draft indemnification provision from a third team and provide a mark-up of that provision.  
To prepare to draft the earn out provision and provide mark-ups teams will be provided a precedent form of agreement, a statement of the context of the transaction and background materials on December 16, 2016.  Each team will also be provided with facts specific to their client's situation, including a video recording of a meeting with the client to discuss the proposed transaction. Teams will have an opportunity to ask questions of their client during the course of their preparation of the draft agreement and the mark-ups.
The Regional meets will be held on Friday, February 24, 2017.  Teams may be required to travel depending on where the Regional meets are located.  Each team will participate in two preliminary rounds, encountering the team whose draft agreement they previously marked-up and the team who marked up their draft agreement.  Thus each team will negotiate from the position of the drafter 

and the position of commenter regardless of whether they are assigned a buyer or seller position.  Based on the teams’ drafts, mark-ups and performances during the Regional Meet, one buyer and one seller will be selected to participate in the National Meet.
A panel discussion will immediately follow the final round of the Regional Meet.  The final round panel, the teams and the audience will discuss the transaction, the draft indemnification provisions and the team performances.  Teams will have an opportunity to gain insight from experts on how they would have handled the drafting, mark-up and negotiations.
A team advancing to the National Meet will have an opportunity to revise its original draft provision before submitting it to an opposing team.  Teams advancing to the National Meet will provide a mark-up of one opposing team’s draft provision.  
The finals will be held on Friday, March 31, 2017, at the New York offices of Sullivan & Cromwell LLP.  Each team will participate in two preliminary rounds where they will encounter the team whose draft agreement they previously marked-up and the team who marked-up their draft provision.
UCLA will cover the travel and lodging expenses of UCLA student participants at the Meet.

What is required of UCLA participants?
All students are eligible to apply for the Transactional LawMeet.  UCLA will select a two or three person team to participate in the Meet.  During each round, only two students will participate in the actual negotiations.  If UCLA selects a three person team, students will rotate for each round so that each student is given the opportunity to negotiate one or more rounds.  
The teams will be selected based upon past experience with the Transactional LawMeet, UCLA Intramural Transactional LawMeet or other equivalent experiences.
Once selected, the team(s) will be provided reading materials and on-line activities and engage in informal training sessions with their coach.  The informal training is designed to introduce the teams to the complexities of earn out provisions and allow them to gain an understanding of the role these provisions play in an acquisition agreement, common issues they present, and the implications raised by alternative resolutions of the issues.  In addition, the team(s) will receive individualized training on contract drafting and language selection.  You should expect to spend at least 10 hours per week, on average, in preparation for the Meet.  Each team member will receive 2 credits of 345 Individual Project credit for their participation in the Meet.
Students must be physically available to participate in the Regional and National Meets.  Therefore, applicants must confirm their availability on February 24, 2017, and March 31, 2017, keeping in mind that additional days may be required for traveling to and from the Meets.  A full timeline of events is attached.
Please note that this is a team undertaking.  All team members bear equal responsibility to make sure that each member of the team actively and timely participates in the projects to which the team is assigned.

2017 Transactional LawMeet Timeline
Regional Meet
December 16, 2016 – Case Statement Published
January 27, 2017 – First Client Conference Call
February 3, 2017 – Drafts Due
February 10, 2017 – Second Client Conference Call
February 17, 2017 – Mark-ups Due
February 24, 2017 – Regional LawMeets

National Meet
March 3, 2017 – First Client Conference Call
March 10, 2017 – Revised Drafts Due
March 17, 2017 – Second Client Conference Call
March 24, 2017 – Mark-ups Due
March 31, 2017 – 2016 National LawMeet Championships

Sample Regional Meet Schedule
February 24, 2017
9:30am - 9:55am - Registration & Breakfast 
10:00am - 10:25am - Team Welcome & Orientation 
10:30am - 10:55am - Judge Welcome & Orientation 
11:00am - 12:30pm - Round One 
12:30pm - 1:25pm - Lunch 
1:30pm - 3:00pm - Round Two
3:00pm - 3:45pm - Refreshment Break & Networking Opportunity
3:45pm - 4:30pm - Expert Demonstration & Expert Panel 
4:30pm - 5:00pm - Awards Presentation

Please e-mail your application to sarah.korobkin@law.ucla.edu 
by 5:00 pm, Monday, November 14, 2016.

Name	

Telephone # --Day and Evening	

E-mail address_____________________________________________________

Year in Law School	

Undergraduate Major (and any other degrees)____________________________

UCLA faculty reference______________________________________________

Please attach a current Law School transcript and an updated résumé.

Do you have any prior experience negotiating the terms of acquisition agreements or other relevant experience?  If so, please describe below.

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

What do you hope to gain from participating in the Transactional LawMeet?
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Thank you for your interest.