« A great time is as close as your own Backyart! | Main | Blog linking »

December 17, 2009

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Tom Atkins

I always find it odd that people are more prepared to honour a deal where their signature is on a piece of paper, rather than a warm handshake following an agreement. When did someone's word stop being important?

Matthew Putman

I agree that in a good working relationship a handshake should be the equivalent of a contract, but it is not always just a matter of trust. It is a matter of clarity. A pitch to an investor can be honest, but the details of the deal can look very different. I have worked with family and friends for years, and even though we love each other, we have contracts. The reason is not because we don't trust each other, but rather so that we don’t need to ever discuss intent again. It is in the letter of the agreement. It is not wrong for an investor to say he/she is in for 100K, and then back out, because if the deal was exactly as he understood, it is possible he would have been in for 100k. I don’t specify enough sometimes, and I am learning how important clarity is.

NFL Jerseys

The reason is not because we don't trust each other, but rather so that we don’t need to ever discuss intent again. It is in the letter of the agreement. It is not wrong for an investor to say he/she is in for 100K, and then back out, because if the deal was exactly as he understood, it is possible he would have been in for 100k. I don’t specify enough sometimes, and I am learning how important clarity is.

The comments to this entry are closed.

Check out TicketNetwork.com for a great selection of discount Addams Family Musical tickets, La Cage Aux Folles tickets, Memphis the Musical tickets and Phantom of the Opera tickets, all at great prices.
My Photo

Twitter Updates

    follow me on Twitter

    Become a Fan