January 16, 2019

Large spikes


The joy and misery of contracts is that they’re just so black and white. Aside from the niceties of the price and what’s being bought (the joy), they make you consider all the things you can think of that can go wrong, and then all the things you can think of if you end up falling out of them (the misery). Which undermines the happy thoughts you had when shaking hands on the deal.

The danger in contracts is getting caught arguing over things you don’t care about – on the meaning of reasonableness and who gets the broken table in the event of a split – or being so exhausted by the process that you give up: walking away from the deal or agreeing to large spikes just to get the damn thing signed.

Eyes on the prize.

Skippy strategy: Accept the misery, know the danger and keep in mind the joy.