Intuitive Surgical, Inc

Contract Negotiator

Intuitive Surgical, Inc • $95K — $115K *
Legal & Accounting
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • JD from an accredited law school or equivalent legal experience.
  • 3+ years of experience with commercial contracts in either an in-house or law firm setting.
  • Knowledge of contractual terms, HIPAA, and data privacy regulations.
  • Outstanding contract drafting and negotiation skills with attention to detail in commercial terms.
  • Interest in commercial transactions and a readiness to collaborate with the salesforce.
  • Strong organizational skills for managing work in fast-paced environments.
  • Excellent verbal and written communication skills, with proven ability to work in cross-functional teams.

Responsibilities

  • Prepare, review, and negotiate customer contracts for products and services.
  • Stay informed on industry changes that impact customer contracts and provide guidance.
  • Collaborate with various internal departments to align on business goals and contractual terms.
  • Identify legal risks in contracts, collaborate with Legal for mitigation strategies.
  • Manage the entire contract lifecycle from drafting to termination, ensuring compliance and timely renewals.
  • Interface with external parties to facilitate contract management and negotiation.
  • Develop new agreement templates in collaboration with Legal for upcoming product launches.

Benefits

  • Market-competitive compensation packages including base pay, incentives, and benefits.
  • Opportunities for career development and growth within a dynamic environment.
  • Work in a collaborative atmosphere with cross-functional teams and leadership.
  • Participation in health and safety programs, including potential vaccination requirements.
Full Job Description
Job Description

Primary Function of Position:

The Contract Negotiator is key in Intuitive's commercial contracting. As the main communicator for sales contracts, the Contract Negotiator works with Intuitive's salesforce, leadership, internal management, over 10 departments, and customers for compliance and mitigation of risk in commercial contracts. The Contract Negotiator handles tasks like contract drafting, negotiating, and finalizing commercial contracts. This is done professionally in a high-pressure environment with tight deadlines.

Responsibilities:

Contract Drafting and Negotiation. Prepare, review, and negotiate complex customer contracts, including sales agreements for Intuitive's products and services. Act as a point of contact for digital, data, and privacy agreements, including Business Associate Agreements.

Research. Stay updated on changes in the medical device industry affecting customer contracts. Provide recommendations and guidance based on industry best practices.

Cross Functional Collaboration. Collaborate with internal stakeholders, like Business Development, Product Marketing, Legal, Regulatory Affairs, Service Department, Field Service, Manufacturing, and Executives. Understand business goals, incorporate Legal's advice, and negotiate favorable terms. Prior to commercial launch of a new product, review and assess the impact of the new product on existing agreements or agreement templates. Coordinate drafting of or implement new agreement templates prepared or approved by Legal to support new products. Interface with external parties, including customers, regulators, and affiliates.

Risk Management. Identify and escalate potential legal risks in contracts and collaborate with Legal to mitigate them. Manage risks and confirm compliance with company policies designed to operate within applicable laws, regulations, and ethical standards.

Contract Lifecycle Management. Manage the entire contract lifecycle, from drafting to execution and termination. Ensure timely renewal, amendments, and compliance. Work closely with Legal, Sales, Customer Service, Accounting, and Logistics teams on the system sales process. Collaborate with Marketing, Clinical Affairs, and Market Access on further contractual activities.

Qualifications

Required Knowledge, Skills, and Experience:
  • Law degree (JD) from an accredited law school or equivalent legal experience.
  • 3+ years' experience with commercial contracts, or equivalent transferrable skillset from in-house or law firm setting.
  • Working knowledge of contractual terms and conditions, HIPAA, data security, or data privacy regulations.
  • Exceptional contract drafting and negotiation skills with a keen attention to detail, preferably commercial terms and conditions.
  • Exceptional interest in commercial transactions, financial activities, and business decisions. Ready to work closely with a dynamic and energetic salesforce.
  • Detail-oriented, organized, and able to work in a fast-paced, high-pressure environment. Excellent problem-solving skills and ability to handle complex contract issues and negotiations.
  • Excellent verbal and written communication skills, including contract drafting skills. Exceptional interpersonal skills to work with cross-functional teams and external stakeholders.
  • Proactive problem-solver, self-motivated with an exceptional work ethic, commitment to excellence, and ability to work autonomously.


Additional Information

Due to the nature of our business and the role, please note that Intuitive and/or your customer(s) may require that you show current proof of vaccination against certain diseases including COVID-19. Details can vary by role.

We provide market-competitive compensation packages, inclusive of base pay, incentives, benefits, and equity. It would not be typical for someone to be hired at the top end of range for the role, as actual pay will be determined based on several factors, including experience, skills, and qualifications. The target compensation ranges are listed.

About Intuitive Surgical, Inc

Intuitive Surgical, Inc. is an American corporation that develops, manufactures, and markets robotic products designed to improve clinical outcomes of patients through minimally invasive surgery, most notably with the da Vinci Surgical System. The company is part of the NASDAQ-100 and S&P 500. Intuitive Surgical has installed more than 5,000 surgical systems worldwide, and has more than 4,000 employees.
Learn more about Intuitive Surgical, Inc
Size
9,793 employees
Market Cap
$93.6 billion
Industry
Net Income
$1 billion
Founded
1999
5 Year Trend
+16.1%
Revenue
$4.3 billion
NASDAQ

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