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Founders should keep this in mind anytime they are negotiating contract terms with a corporation also. There is no such thing as a "standard" contract and almos
by ciguy 6y ago
Founders should keep this in mind anytime they are negotiating contract terms with a corporation also. There is no such thing as a "standard" contract and almost all "mandatory" clauses are not actually mandatory. This also applies to real estate transactions and almost any other high stakes negotiating. Standard and mandatory are terms used to trick inexperienced or less powerful people/entities into agreeing to terms more favorable to an opponent.
None of this means you can necessarily axe all the requirements though. It entirely depends on your negotiating position. If a company wants to work with you badly enough they'll pay their lawyer the $500 hourly to modify the contract or approve your changes.
- capableweb 6y agoEveryone should keep this in mind for every type of contract. In the beginning of my adult life, I was under the expression that contracts were static and immutable. As I got more experience, I tried being more demanding (and my skills were also more in demand) when setting up contracts and I have at multiple points managed to change what was supposed to be "mandatory" and "unchangable" many times, from rental contracts to employment contracts and many other things.
- manquer 6y ago> If a company wants to work with you badly enough This is usually the problem for many founders early on, if you already have a great product market fit then everything will bend to your demands and even turn down customers if they are not flexible enough. Most products do not have that very strong PMF early on.