They don't have to start paying you your share until *30 days after the end of the QUARTER*, ie. up to 4 months past when it's *due*, and can withold "expected returns" up to 3 months more. Keep in mind, there's also no legal obligation to show you any financial records.
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You are a person. They are a business. Don't capitulate and don't indebt yourself. Me, I'm going to make the damn game anyways, you know? Be good to each other. Thanks for reading.
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Some follow-up - can't reply to all comments anymore.https://twitter.com/jakefriend_dev/status/1426596765353062408?s=20 …
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End of conversation
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Good for you for standing your ground and reading through the contract because you are absolutely right. No problems if everyone gets on, but they have the guillotine out back if they feel you aren't playing nice.
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Similar advise RE: Landlords. A lot of it sounds EXACTLY the same.
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Yeah, they're not your friends. It's the same when being employed at a company, the company is not your friend. All you have which regulates your relationship is the contract. I'm sure many of the other devs signed because "they seem really nice!".
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and b/c other devs have signed it. The fact that they still easily sign devs on this is a poor reflection on the industry, not a vote in favour of the practice.