Not sure how much I agree with this, but it's an interesting thread. Maybe I'm just happy_merchant.jpg, but I strongly prefer objective contracts to subjective / actively think subjective are bad / think that "but they were good" is propaganda that cherry picks scenarios & facts https://twitter.com/PereGrimmer/status/1298291421968052224 …
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4/ Trust is necessary, but not sufficient, to a good contract. See my previous tweet.https://twitter.com/DJSchreffler/status/1298298673378582529 …
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5/ Strongly disagree. If I don't trust someone, I'm not going to do a deal with them, period. If I do trust someone, I'm going to write a contract and walk them through it, to make sure that there is a 100% meeting of minds.https://twitter.com/DJSchreffler/status/1298299112211832838 …
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6/ Autism >>>>> honor culture f̶i̶t̶e̶ ̶m̶e̶ put it on the block chain
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7/ Valid point. If you trust the legal enforcement system, you can do deals with people that you don't trust. (Though I would still disaggregate 'no data to justify positive trust' vs 'actively distrust').https://twitter.com/ZacharyW_Clark/status/1298316352315224064 …
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8/ eh...no, I don't like this I mean maybe, sure, a little bit at the margins, but if I do a deal with the understanding of price X, and he has asymmetric knowledge of what risks exist and how much they cost (from multiple previous runs), onus is on himhttps://twitter.com/ded_ruckus/status/1298323082231201792 …
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9/ Sawyer knows what his blade loss rate is. He can either expose that to me and say "plus $500 per ruined blade, and you can minimize that by not giving me trees that might have steel in them", or he can bake it into the price, based on typical rateshttps://twitter.com/ded_ruckus/status/1298323964662435840 …
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10/ For someone to say "I will do task X, for flat fee Y", and then, half way through it, say "oh, my tool broke, and I'm going to lose money on this job unless you hand me $500" is BS. Fee just increased while the work didn't change. THIS IS EXACTLY WHAT CONTRACTS PREVENT
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End of conversation
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Even more innocently, people might forget what they agreed to.
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excellently done
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