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That's their decision. You don't have to make it easy for them--especially if they are going to be your competitors. For a motivated big company, cold hard cas
by karl_gluck 12y ago
That's their decision. You don't have to make it easy for them--especially if they are going to be your competitors.
For a motivated big company, cold hard cash isn't as hard to come by as you might think.
As for now, the only thing I can do is echo how absolutely crucial it is for you to have a knowledgable lawyer on your side RIGHT NOW. Get several on the phone today, and make a decision as soon as you can. If you're in the Dallas/Fort Worth area, I can make a recommendation but please, please do this.
- apinstein 12y agoWhile it never hurts to have a good lawyer, if you are ever in a contemplating a deal where you say something like this to yourself: "they can't do that to us, we have a contract", you're already screwed. I have gotten screwed too many times on this, despite spending tons on lawyers ahead of time. Bottom line, make a deal that is a WIN WIN and doesn't put you at huge risk w/o some offset you consider reasonable or don't do a deal at all. You do not have an easy road ahead, but you can at least avoid a disaster. Remember, your BATNA is continuing your startup as if you'd never been approached!