5 ms·
What happens if, instead of making $100M, the kid just takes the money, slacks off, and refuses to work? Can he be sued for breaching fiduciary duty? Or, what
by namose 4y ago
What happens if, instead of making $100M, the kid just takes the money, slacks off, and refuses to work? Can he be sued for breaching fiduciary duty?
Or, what happens if he/she works really hard, but never makes it, and their investor decides to sue for their money back? Often times, legal representation costs 10s, even 100s of thousands.
You’re really just legalizing either fraud or indentured servitude here. In real life, magic oracles don’t exist.
- nootropicat 4y agoYes, new laws and probably technology would be needed for that too. Ideally there would be an implant that records their entire life - which can be used to determine if they slacked off in breach of the purchase agreement.
- namose 4y agoOk, so indentured servitude then