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Cocktail napkin: Difference between revisions
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{{a|devil|}}All that is not [[flannel]], [[boilerplate]] or mere [[verbiage]]. The key terms, that you hacked out in a still, small moment of clarity when the inspiration struck you, in some nasty bar in a bad part of town, but that through which ''you clenched the deal''. | {{a|devil|}}All that is not [[flannel]], [[boilerplate]] or mere [[verbiage]]. The key terms, that you hacked out in a still, small moment of clarity, or weakness, when the inspiration struck you and your counterparty, in some nasty bar in a bad part of town, but that through which ''you clenched the deal''. The bit that goes ''before'' the throwaway mark that consigns your hopeful — and yes, partly inebriated — aspirations of commercial elegance and clarity to the doom of the meat-grinder: “the [[lawyer]]s can pin down the details later”. | ||
Here is a curious refutation of a truth that is otherwise universal: that everything before the “but” is bullshit. The [[cocktail napkin]] is, by defintion, everything that goes before the “but” and only that, and this case it is anything that comes ''after'' it — and make no mistake, ''torrents'' will come after it — that is bullshit. | |||
Sometimes called a “[[termsheet]]”, the cocktail napkin is the ''concentrated essence of your deal''. Everything of importance — everything needed to confirm that your respective [[Consensus ad idem|idems reached a consensus]] is there: you’re done, you are locked, loaded, and all you now need are the [[legal eagle]]s to wheel in the Machine that goes Ping and smother the whole thing in acres of [[boilerplate]]. | |||
Within nine months you’ll be live! | |||
{{sa}} | {{sa}} | ||
*[[ClauseHub]] | *[[ClauseHub]] | ||