Some relatively unsophisticated people assume "X is in the contract because my counterparty does not trust me." This is not a good mental model. X is in the contract because the counterparty wants X to happen in most world states, including ones without you in them.
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X is also in the contract because it allows all parties to think through e.g. "What happens to the ownership interest of the company if one of us dies?", which is a good thing to pre-commit to when you're all in good health and untroubled.
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