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E042 Myths and Misconceptions about Legal Contracts
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Passionately Wrong Podcast Episode E042
Contracts
Key takeaway: Contracts - what are they, how they are created, when do we need them,
Topics covered in this video:
- James describes the requirements for contract formation - offer, acceptance, consideration
- People enter into contracts all the time online without realizing it, with each click of an “Accept” button
- What is the purpose of having a written agreement and what value good lawyers bring
- Randy and James discuss NDAs, and the dangers of liquidated damages clauses
- Is a written contract more binding than a handshake or an oral agreement?
- What about unusual, unexpected terms in online agreements
- Why big companies don’t usually come after individuals
- The role of disclosure in contracts (and policies and rules)
- You can (and should) read the contracts you are asked to sign
- Pay attention to the flow of money (who pays whom when) because you can practically manage your risks well this way
Thanks for listening. If you enjoyed this episode, please like, comment, and subscribe.
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YouTube Channel: https://www.youtube.com/channel/UCggxZuXzexBtEhsX_TpV5yQ
Passionately Wrong Podcast Webpage: https://www.buzzsprout.com/2120466
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Randy's Editor Webpage: https://randysurles.com/
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