Contract: Difference between revisions
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Some principles which should help you make a good bargain. | Some principles which should help you make a good bargain. | ||
*{{tag|Magic words}} are a really bad risk mitigant. Don’t take a piece of paper to a knife fight. | *{{tag|Magic words}} are a really bad risk mitigant. Don’t take a piece of paper to a knife fight. | ||
*The foundation of any contract is trust. | *The foundation of any contract is ''trust''. If you don’t trust your counterparty, ''don’t make a contract with it''. The moment you have to say [[for the avoidance of doubt]], you have acknowledged you don’t trust. | ||
===See also=== | ===See also=== | ||
Revision as of 08:17, 7 October 2016
"I meant what I said, and I said what I meant.
An Elephant's faithful
One-hundred percent!"
-- Dr. Suess - Horton Hatches the Egg
Some principles which should help you make a good bargain.
- Magic words are a really bad risk mitigant. Don’t take a piece of paper to a knife fight.
- The foundation of any contract is trust. If you don’t trust your counterparty, don’t make a contract with it. The moment you have to say for the avoidance of doubt, you have acknowledged you don’t trust.