PSA: If you are doing business of any real value with someone in the poker community, protect yourself by *getting everything in writing.*
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Replying to @catehall
This applies to all communities, and even families. Putting it in writing assures everyone is (literally) on the same page.
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As an attorney who spends hours each week parsing written contracts, let me assure you parties are rarely "on the same page".pic.twitter.com/t869V2ztvS
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That's because they don't know what's in the contract. If you're creating a partnership, you get to write your own.
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And that contract should include responsibilities, investments, penalties, etc.
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The discussions required to *create* a proper contract is what gets people on the same page. (All of this applies to pre-nups as well.)
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It's usually not about legalese, but about shared expectations.
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I agree the process of drafting a contract can/should force joint consideration of and agreement on key terms.
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My (somewhat cynical) point is that when a biz relationship breaks down, a written contract may not save the day.
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And in many good biz relationships, written contracts are unnecessary or largely superfluous.
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Essentially, written contracts are like locks--they keep an honest man honest.
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If a dishonest person breaks a well-written contract, there are penalties to be paid. (Or a lawsuit to be settled.)
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I wonder if PokerStars would agree after their tangle with the Atlantic Club Casino.
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