Gritty, self-made, Silicon Valley trained lawyer to startups & VC. Founder
@novalawio
@law_forstartups
Learning ML, AI, and data science. โ๏ธ๐๐บ๐ธ
@Eli_Albrecht
I never use "the" or capitalize "party" or "parties". Drafting/editing a 69 page membership interest purchase agreement right now - I find that reducing the word count and limiting capitalized/defined terms makes it easier to skim and less intimidating.
@Sara_Imari
@joerogan
Contrary to some other opinions (apparently), I could listen to your theories and explanations for hours. Even though I usually prefer to read, I'm debating getting the audiobook instead.
@petercnordberg
@Eli_Albrecht
100%. These are key terms. Their omission from the LOI implies that they were not part of the parties' intent.
Similarly, when "compounding" is not included with interest, I assume it is simple.
"I don't divide the world into the weak and the strong, or the successes and the failures . . . I divide the world into the learners and the nonlearners."
You have to be willing to lose, in order to really win.
And if you're not, it will hold you back the rest of your life.
No risk, no reward.
Choose accordingly.
@rossiadam
Reading Mindset by Carol Dweck on fixed mindset vs growth mindset. Those with fixed mindsets don't seek big challenges because being validated for their talents and successes is the foundation of their identity. The risk of failure is intolerable.
@Notion4Lawyers
Underrated, but a required skill to be a successful transactional lawyer. This is why it's important to be thoughtful and intentional with the LOI terms. More difficult when the parties don't use a lawyer for the LOI.