4 ms·
For such a basic action as a board exercising one of the most fundamental of its rights, I don't think it's necessary to spend 100K hours. And I don't think the
by laserlight 3y ago
For such a basic action as a board exercising one of the most fundamental of its rights, I don't think it's necessary to spend 100K hours. And I don't think the board consulted to random lawyers off the street.
> Someone signed that term sheet.
Do you think that the term sheet holds OpenAI liable for changes in Microsoft's stock price?
- junofan 3y agoThe board folded. > Do you think that the term sheet holds OpenAI liable for changes in Microsoft's stock price? There’s nothing binding on a term sheet.
- jacquesm 3y ago> There’s nothing binding on a term sheet. The confidentiality part and the 'no shop' part of a terms sheet are definitely binding and if you break those terms you'll be liable for damages.