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I agree! Asking a lawyer to read a contract and explain it to you: totally worth it. I will actually clarify even further and say that redlines on employment
by harryh 7y ago
I agree!
Asking a lawyer to read a contract and explain it to you: totally worth it.
I will actually clarify even further and say that redlines on employment contracts are definitely possible. It's really just for equity agreements where you aren't going to make any headway.
- deleted 7y ago[deleted]
- JamesBarney 7y agoOh ok I misunderstood you, that makes sense. Yeah, my understanding is the same as yours that equity agreements are the hardest items to negotiate. So hard it's probably impossible unless you would make a strategic impact on the organization.(like you're an executive or one of the top 20 nlp experts in the world) No founder wants to explain to a potential investor how their equity agreements work and then have to continue with "except Joe"
- harryh 7y agoand then have to continue with "except Joe" Yup. Exactly.
- m0zg 7y ago>> "except Joe" Very easy to avoid this: just don't put abusive clauses in there that Joe's lawyer will inevitably redline, and don't count on him signing it without checking with a lawyer.
- JamesBarney 7y agoThe point is that by the time your lawyer is redlining the contract it's too late and too painful to change. So your options as a potential employee (for 99% of cases) are ask for something else to offset the onerous terms like more equity, vacation, or salary or find another company.