What if your counterparty assigns the contract to Apple?
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- čas přidán 8. 09. 2024
- Welcome to another practical contract tip from How to Contract!
In this video, we discuss:
The importance of using thought experiments in contract drafting.
A real-world scenario: Your small SaaS client is sold to a large company like Apple.
Key considerations if the contract is assigned:
-- Pricing: Ensuring your pricing model scales and doesn't expose you to undue risk.
-- Risk Management: Assessing and mitigating risks associated with a larger counterparty.
-- Deliverables and SLAs: Reviewing service obligations and performance standards.
-- Assignment Clauses: Including strong restrictions against assignment, pre-approval rights, and void-if-violated language.
Make sure to think ahead and protect your interests in every contract!
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