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So far so good. | So far so good. | ||
But contentious negotiation points tend to be the tail events: disaster scenarios: total loss of trust; insolvency – things that happen when the contract doesn’t go as planned. You don’t ask for an event of default because you hope to use it. In a perfect world, everything is rosy, we each make bags of money trading and no one casts | But contentious negotiation points tend to be the tail events: disaster scenarios: total loss of trust; insolvency – things that happen when the contract doesn’t go as planned. You don’t ask for an [[event of default]] because you hope to use it. Closing out an agreement is about cutting losses, not making profit. You make a profit by trading under the agreement. In a perfect world, everything is rosy, we each make bags of money trading with each other and, once it’s inked, no one casts a backward glance at that [[master agreement]]. | ||
Therefore these events: | Therefore these events: | ||