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"read everything you sign" Yes. Read everything with "what if" in mind. I was dealing with a small venture capital company that wanted to invest a smaller sum
by tiatia 10y ago
"read everything you sign"
Yes. Read everything with "what if" in mind.
I was dealing with a small venture capital company that wanted to invest a smaller sum into my company. I read the contract and found 10 things I did not like. I started with the main point: You make the contract with my company, not with me, as a person. (Part of my companies possible Cashflow would have been used to pay back the investment).
They said: "Okay, that is not possible. Anything else you don't like?"
Tu their big surprise I did not bother negotiating with them any further bust just told them I am not interested anymore. Later I showed the contract that was offered to me to a friend who works as a lawyer in PE. He just laughed.
READ a contract. Assume the counter party consists of major league assholes. They say they won't interpret a certain paragraph in that way? Then why not change it to clarify that? They promise you things? Why not put that in writing INTO the contract.