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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3/ related, a bit from my homesteading bookpic.twitter.com/Ahi8YHVSjB
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ⓘ Dogs don't have thumbs Retweeted D.J. Schreffler
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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D.J. Schreffler @DJSchrefflerReplying to @PereGrimmer @MorlockPA gentleman's deal is ultimately based on trust. The two people trust each other, either because of direct relationship, because of reputation, or a trusted third party stakes his relationship/reputation for the two to extend trust to the other.2 replies 0 retweets 9 likesShow this thread -
ⓘ Dogs don't have thumbs Retweeted D.J. Schreffler
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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D.J. Schreffler @DJSchrefflerReplying to @DJSchreffler @PereGrimmer @MorlockPIf a deal gets violated, then there's loss of trust and reputation. If the deal is upheld, trust and reputation are at least maintained if not increased. Contracts are for when there is no direct trust or relationship, but both people trust the law to be a neutral arbiter.4 replies 0 retweets 13 likesShow this thread -
Replying to @MorlockP
Eh. Written contracts aren't necessarily about trust. They're a formalization and documentation of your agreement. And they do all sorts of fun things like allocate risk and establish dispute resolution mechanisms while ensuring enforceability. Also, trust is a sucker's play.
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you're agreeing with me, I think ?
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Replying to @MorlockP
I think the only thing I disagree with is the necessity of trust in contracting (though a good thing if you can find it when looking for a vendor, like you said). A good written contract takes subjective trust out of the equation of a transaction. That guy you trust could flake.
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