4 ms·
Do you realize that a contract doesn't have to be written right, that contract law places as much emphasis on oral agreements and your actions? Arrington was s
by bl4k 16y ago
Do you realize that a contract doesn't have to be written right, that contract law places as much emphasis on oral agreements and your actions?
Arrington was smart in knowing that he didn't need the written contract if things went bad (exhibit a) and that a written contract would tie down his own options for the crunchpad (ie. if they signed and then FG didn't deliver, arrington could have gone to another partner without FG still owning part of the company).
You can see in the evidence that Arrington spent a lot of time going back and forward to work out the merger agreement. This was seen as an almost formality from both parties, hence the reason why it was pushed back so late.
ps. and that PR firm, McGrath Power, I will never ever work with them nor any company that works with them and I will advise every company I know not to work with them or to leave them. Seriously sick company, who in evidence, basically said 'oh this looks bad, but it is worth $x, so lets do it' (the amount was redacted)
- eli 16y agoForget about the law... How could you possibly form a partnership to work on a project without having a document that describes exactly how the work will be divided?