4 ms·
Excellent choice. To extend on a related topic, I've made it a general principle for me to read a counterparty's contract(s) as a work product and evaluation o
by toss1 7y ago
Excellent choice.
To extend on a related topic, I've made it a general principle for me to read a counterparty's contract(s) as a work product and evaluation of how they do business.
If the terms are balanced rights & responsibilities on both sides (e.g., 'both parties will treat x as y, and in no case with lesser care than their own x') that is one indicator (hopefully among many) that they try to do business fairly.
In contrast, if the clauses appear to be written to all take maximum advantage to their side, and minimize any rights I/we have, then I treat that as a huge red flag to not work/do business with them. If they are very amenable to balancing edits, I may relent, but it it's just those terms or hit the road, I'm gone....