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The "issue with an expectation that people follow through with signed agreements" comes about when there is a power asymmetry between the two parties signing a
by OkayPhysicist 4y ago
The "issue with an expectation that people follow through with signed agreements" comes about when there is a power asymmetry between the two parties signing a contract. The reason we have tenant rights, and bans on indentured servitude, and employee rights is because when there is a power imbalance between the two parties the less powerful can often find themselves pushed into extremely unfavorable circumstances, to the point that it has societal-level negative effects. So we ban certain kinds of one-sided contractual clauses. And then corporations include them anyway, because they calculate that there's a non-zero chance that individuals will abide them regardless of their legality.
The number of completely unenforceable non-compete clauses I've seen in California is astonishing. Likewise, I've seen blatantly illegal lease agreements. The common factor? One party has far more negotiating power than the other.
- brightball 4y agoSigning bonuses though? Here's an extra 5-10% of your first year's salary (optional) if you commit to hanging around for 2 years. I don't see the asymmetry there?