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Like with a lot of advice on HN, take this article with a grain of salt and pursue a balance while trying to understand the competing forces at work. My experi
by crusso 13y ago
Like with a lot of advice on HN, take this article with a grain of salt and pursue a balance while trying to understand the competing forces at work.
My experience with entrepreneurial legal paperwork was that I ignored it too much in my early days and it bit me in the ass. When the money starts coming in and egos grow large, people reach for their lawyers when there's too much ambiguity in business relationships.
You don't want to kill opportunities with too much negotiation, but then again you don't want to leave yourself too open to misunderstandings that could have been avoided with a line or two in a contract.
- inovica 13y agoVery well said. Everything went well for him in the deal and all was fine, but what if it hadn't? I know a few people who have had serious problems because of a lack of attention to detail with their legals (or just not caring) and one of them was put out of business by it. I also know another guy who is ruthless and enjoys the thrust and parry of suing people when they try to get our of his 12-month contracts. I personally would rather take a more cautious approach than rush into something. I sleep at night knowing that I have covered myself and my family as best as I can