Affiliate News Hubb
Advertisement Banner
  • Home
  • Affiliate Marketing
  • Marketing
  • News
  • Contact
No Result
View All Result
  • Home
  • Affiliate Marketing
  • Marketing
  • News
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home Marketing

Contracts and power | Seth’s Blog

admin by admin
November 21, 2022
in Marketing


A written contract benefits the party with the least power.

Power might be in the form of money, access to plenty of lawyers or simply a willingness to burn it all down to the ground.

In the moment before a contract is signed, the lower-powered party momentarily has more power. That’s because the other entity wants what you have. But as soon as they have it, it’s only the contract that offers concrete protection against future events.

Handshake agreements are great when there’s an ongoing, stable interaction. As long as each side is honorable, the other party can continue to do what they said they were going to do. But when priorities or outside factors shift, an at-will arrangement can end up harming the person who can least afford it.

The two things to focus on are:

  1. Is the contract specific enough so that there’s no doubt about who is supposed to do what, even when the world changes?
  2. Are the remedies in the contract clear enough so that if the contract isn’t honored, the lower-power party can easily and efficiently obtain a fair result?

This is why adding a binding informal arbitration clause to a contract is a smart idea. Why it makes sense for there to be worker and other protections in the law. And why we need to reinforce and applaud judicial systems that enforce clearly defined agreements.





Source link

Previous Post

5 Important Steps for a Successful Transfer

Next Post

The Top Marketing Trends of 2023 & How They’ve Changed Since 2022 [Data from 1000+ Global Marketers]

Next Post
The Top Marketing Trends of 2023 & How They’ve Changed Since 2022 [Data from 1000+ Global Marketers]

The Top Marketing Trends of 2023 & How They've Changed Since 2022 [Data from 1000+ Global Marketers]

Recommended Post

Why Foxy is planning to get more than a stuffed crust

6 months ago

3 TikTok Trends Brands Must Pay Attention To

4 weeks ago

“I can’t go for that”

5 months ago

19 Customer Testimonial Pages in 2023 and What Makes Them Effective

5 days ago

Merkle appoints Essence chief to top media agency role

5 months ago

5 keys on introductory blogging.. When coming up with a topic for this… | by Anant Somani | ILLUMINATION | Feb, 2023

1 month ago

© Affiliates News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Affiliate Marketing
  • Marketing
  • News
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Affiliate Marketing
  • Marketing
  • News
  • Contact

© 2022 Affi;iate News Hubb All rights reserved.