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If you sign a contract you assume counterparty risk. Don't sign contracts with companies that have garbage credit ratings. Or if you do, get money up front.
by all_blue_chucks 8y ago
If you sign a contract you assume counterparty risk.
Don't sign contracts with companies that have garbage credit ratings. Or if you do, get money up front.
- AngryData 8y agoAnd how is some small contractor suppose to properly vet a business worth 100 million or more? Why would they ever assume they wouldn't or couldn't pay for their services? Why does the contractors get shafted over everybody else instead of getting an equal percentage of their owed debt payment like everyone else?
- all_blue_chucks 8y ago> And how is some small contractor suppose to properly vet a business Ask for their credit rating. > Why does the contractors get shafted over everybody else Because that's how the contract is written. Don't like it? Get paid up front in senior security notes.