Contract Law

Why Contracts Fail So Spectacularly πŸ“œ


Listen Later

πŸ›οΈ The Million-Dollar Word That Destroyed Everything

🌟 Imagine this: You shake hands on a deal, sign the papers, everything looks crystal clear. Then one simple word - "sales" - triggers a legal war that costs more than the original deal was worth. Sound impossible? It happens every day.

πŸ’‘ What You'll Discover:

  • πŸ” How **Innovate Co.** and **Growth Partners** turned a simple 15% commission into a courtroom battle
  • βš–οΈ The difference between "gross sales" and "net sales" that cost thousands in legal fees
  • 🎯 Six practical rules that prevent contract disasters before they happen
  • πŸ’° Why "obvious" terms are the most dangerous ones to leave undefined

πŸš€ Real-World Lessons:

  • πŸ’Ž The "meeting of minds" myth - when both parties think they agree but actually don't
  • ⭐ How to write contracts that prevent litigation instead of causing it
  • πŸ›‘οΈ The "shall vs. will" distinction that makes contracts bulletproof
  • 🎨 Why good contracts are like chess games - thinking several moves ahead

πŸ”§ Practical Tools You'll Learn:

  • πŸ“‹ The "Who, What, When, Where, How, How Much" checklist
  • ⚑ When to use qualifiers like "reasonable" and "best efforts"
  • 🎯 How to plan for both success and failure scenarios

πŸŽ™οΈ Whether you're signing your first business deal or your hundredth, this episode reveals why the most expensive word in business might be "obvious" - and how to never fall into that trap again!

...more
View all episodesView all episodes
Download on the App Store

Contract LawBy Sharad Bansal