Are we entering a new evolutionary stage in deal structures? A post on the New York Times Deal Blog by University of Connecticut law professor Steven M. Davidoff answers that question in the affirmative, citing changes in reverse termination agreements. According to Davidoff, who cut his transactional teeth as a deal lawyer at Shearman & Sterling, the structure of acquisitions is changing in the post-economic-crisis world as targets seek to bind acquirers as tightly as possible so as to avoid the type of deal demise that decimates share prices, and acquirers take the opposite tack, arguing for maximum latitude to end agreements if their financing falls through. Check out his analysis at Post-Crisis, the Evolving Structure of Deals. What do you think?