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Having read this, I'd think (as the startup) I'd insist on a clause that the contract isn't binding until at least $X or %Y have been received from the VC (defi
by jagged-chisel 7y ago
Having read this, I'd think (as the startup) I'd insist on a clause that the contract isn't binding until at least $X or %Y have been received from the VC (defining "received" as "the money deposited and cleared.") And if we find another investor before you send the money, the contract is dead and we renegotiate a new one.
- jethro_tell 7y agoIf you have the leverage for that, it could work. But you probably also wouldn't sign a 6mo exclusivity deal if you had that kind of leverage . . . so?