All agreements rely on a mix of provisions to achieve the contracting parties' objectives.
When Boilerplate, Customized Clauses Collide in Media Merger Deals
Some contract provisions will necessarily be customized for use in the particular agreement, while others will be boilerplate. But the intersection of those provisions in a merger agreement involving the acquisition of Cablevision Systems Corp led to a serious dispute— and cautionary tale for the merger-laden entertainment and media industries — about interpretation of the agreement, requiring a Delaware court to determine the impact of potentially conflicting language.
By
James H.S. Levine and Douglas D. Herrmann
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