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Are standardized angel contracts a good idea? (coderights.com)
3 points by drm237 on Oct 15, 2007 | hide | past | favorite | 2 comments



Hmmm, in the Architecture (Building) world we've had standardized contracts for over a century. They work quite well at a cost of about $5 apiece. I can see how the author, being a lawyer, is concerned by the need of fewer lawyers with standardized contracts in the startup world.


IANAL, but I believe he is referring to the downsides of a standard form contract. The courts have put some limitations on such contracts, because one side gets to dictate the terms, and the other side cannot negotiate; he can only sign it or go home.

That said, I'm sure YC is going to make a fair contract. It's in their best interests for the startup to suceed, after all.




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