Intuitive Surgical, Inc

Contract Negotiator

Intuitive Surgical, Inc$90K — $130K *
Legal & Accounting
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Law degree (JD) or equivalent legal experience required.
  • Minimum 2 years' experience with commercial contracts, ideally from in-house or law firms.
  • Knowledge of HIPAA, data security, or data privacy regulations is essential.
  • Exceptional drafting and negotiation skills with strong attention to detail needed.
  • Interest in commercial transactions and collaboration with sales teams is crucial for success.
  • Organized, detail-oriented, and able to thrive in a fast-paced environment.
  • Strong verbal and written communication skills, plus interpersonal abilities to engage with diverse teams.

Responsibilities

  • Draft and negotiate complex customer contracts, focusing on sales agreements.
  • Research and stay informed on medical device industry changes affecting contracts.
  • Collaborate with cross-functional teams to align on business goals and legal advice.
  • Manage risks and ensure compliance with company policies and relevant regulations.
  • Oversee the entire contract lifecycle from creation to termination and ensure timely renewals.
  • Interface with external parties, including customers and regulators, for contract management.
  • Assess the impact of new products on existing agreements prior to their launch.

Benefits

  • In-office work required three days a week in designated locations.
  • Opportunity to work in a high-pressure, fast-paced environment.
  • Exposure to a broad range of internal departments and external stakeholders.
  • Ability to influence company contracting practices and risk management strategies.
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.
  • 2+ 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.


**Please note this role is required to be in office Tuesdays, Wednesdays, and Thursday in either our Sunnyvale, CA office or our Peachtree Corners, GA office.

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.

This position may be filled at a different job level than listed here depending on
business need and/or on the selected candidate's experience, knowledge and skills.
Compensation will be based primarily on the job level at which the role is filled and the
candidate's qualifications, consistent with applicable law.

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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