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I think that there is inherently some risk taken in any endeavour. I think the biggest risk is not doing anything. I agree on that. Signing contracts without l
by Jugurtha 13y ago
I think that there is inherently some risk taken in any endeavour. I think the biggest risk is not doing anything. I agree on that.
Signing contracts without legal counsel might turn out okay, but legal counsel is like insurance or a seat belt: You don't need it until you have an accident.
It is dissuasive, and it is mitigating. i.e: Those who want to screw you will think twice when you have an attorney, and if they wish to screw you, you have a better chance to get screwed less if you have an attorney than if you haven't.
On the other hand, it depends. Just as some seat belts and air-bags were actually the cause of death of the car driver, it depends on your lawyers. It's not a generic term. One needs to find people who are well versed in the matters, and the body of law is large, so one needs specialists in a field. You can't get the best advice on start-ups from a lawyer who specializes in divorces.
Again, on the other hand, Elon Musk once affirmed that they didn't have lawyers because things were too complicated and it wouldn't make any sense to them. That was back in 2003, I doubt things stayed the same. The stakes are high, and a company like SpaceX ? I don't think they don't have lawyers.