Fucking Sue Me (2011)
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Fucking Sue Me (2011)
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Re: Fucking Sue Me (2011)
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#4Me either, but it was a good read.
Re: Fucking Sue Me (2011)
#5This is why you read the contract, understood it, and decided to sign it. It was because you understood all the bad stuff that could happen, but you decided to make it not happen or deal with the consequences. It was sort of a dare in your agreement, a recognition that the agreement you were signing was important but also impossibly complex (they always are), and that the larger picture was more important.
Understanding that and making your decision is not the same as being lazy and irresponsible, and I really don't think that's what you are if you've made it any distance in business. Maybe some people are, I don't know. Cool story though.
Re: Fucking Sue Me (2011)
#6Well this just makes you sound reckless and ignorant. I don't think you are. The conclusion might be valuable; that taking risks is a necessary part of business. But the way you get there is not by ignoring the risks, but by fully understanding them and being prepared and willing to deal with the consequences. This is why you read the contract, understood it, and decided to sign it. It was because you understood all…
Re: Fucking Sue Me (2011)
#7If a lesson would be considered an informative or useful conclusion based on the circumstances and results described, I'd say the only lesson here is that the author was very lucky despite what seems -- at least as described -- like very risky behavior.
This definitely is not the way to run a business, particularly when there are people depending on you. It's great that it went well, but "just sign it" is very reckless, and "fucking sue me" is, quite literally, asking for it. If you're not prepared for the eventuality of being sued this is just an unconscionable stance to take.
Yes, business almost always involves risk, but it's almost always possible to take calculated risks rather than throwing up your hands, signing whatever's put in front of you, and hoping for the best.
Re: Fucking Sue Me (2011)
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#9Re: Fucking Sue Me (2011)
#10I'm not sure, and furthermore, I'm not sure I agree with being overly 'fuck-it' about legal matters. But I can tell you what it's like having been where you were with the "endless lawyering," and why it sucked so badly.
I worked for a startup once in which our CEO was a really smart guy, but the kind of smart guy that got overly worked up over tiny details and edge cases. We'd spend months working through "what-ifs" in Powerpoint, Excel, or Visio, instead of building and testing features. Anytime we wanted to make a strategic decision, we'd need to run it by our extremely expensive law firm. Picking the name (!) for our company took over $50,000 in legal bills and at least 3 weeks of everyone's time. In retrospect, I'm amazed anything got built at all.
The lesson I personally took from that experience was that entrepreneurs need to make decisions, and often, they need to make them more quickly than they feel comfortable doing. They might fuck up here or there. And one day, when they're successful enough actually to need to run everything by lawyers, they can afford to do so. The ROI on legal fees and time is much more positive when the nature of the threat is being measured in the millions or billions of dollars. In the beginning, though, the biggest threat isn't a lawsuit; it's running out of time and cash.
Lawyers still have their place, though. You need them in certain situations. But they can't wear your balls for you. When you feel the need to run every key decision through a third party, you're basically stripping the "E" out of your "CEO" title.
Here's where I'll risk sounding contradictory: contracts are a crazy beast. Given your circumstances, the "fucking sue me" approach probably made sense. But you also got really lucky.
It's not a terrible idea to consult a lawyer if you're entering into an agreement of a nature you've never taken on before (i.e., with a Fortune 500, with a scope of work you're not used to handling, etc.). I say "consult with," though, not "tie up." Most Fortune 500s have a take-it-or-leave-it policy w/r/t their contractors and their RFPs. They know they've got the bigger guns, so you're kind of playing on their terms. No amount of lawyering on your end is ever truly going to overcome that home-court advantage of theirs. So it's often a wasted and self-defeating effort to fight too hard on any terms -- with the possible exceptions of payment structure and timing (the ones that affect your ability to keep the lights on), provided they seem overly wonky as written. Fight to get paid on time, to get paid fairly, and so forth. Don't fight over nice-to-haves, because you won't get them.