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there are all kinds of "bad actor" and nuclear option moral clause. I personally (as a founder) once had to sign a "non-embarrassment clause" where I guarantee
by sarahnadav 10y ago
there are all kinds of "bad actor" and nuclear option moral clause. I personally (as a founder) once had to sign a "non-embarrassment clause" where I guaranteed not to embarrass the investor.
Since I am basically creating this with my lawyer, I am going to make it unambiguous- either a recorded conversation, a verifiable conversation on text/whatsapp/email, a photo or in extreme cases a rape kit.
In my opinion this should be a deterrent rather than something that would ever need to be enforced. But it can't be a "he said/she said" either
- brador 10y ago> either a recorded conversation, a verifiable conversation on text/whatsapp/email, a photo or in extreme cases a rape kit. It sounds good in theory, but the definition of sexual advance is vague. The investor will be thinking - what if some day you feel that you just want to take back the shares, how easily could you action this clause and what protections do I have? If we're talking a lost court case against the investor, then yeah that works and is solid. If you want to action the clause without that then who will be judging if the recording/photo etc. qualifies under the sexual advance claim?
- sarahnadav 10y agothese are terms that I am working on with my lawyer- and I am sure investors will have some push back and changes of their own
- hulahoof 10y agoWhy just protect women? Feels like you could help everyone with little extra effort.