If you’ve ever given a client a contract that you wanted to change, you’ve probably heard about options. Options contract is a common term used to describe a type of contract that you create to help you determine what happens next for two or more parties. It’s a contract that outlines what happens in the event of a dispute or disagreement. It’s a contract that lets you know who’s responsible for what, when, and where.
Options contracts are not a new invention. The internet was in its infancy and options contracts were a common way that people created contracts. In the beginning of the internet where everyone had a computer and a hard drive, there were a few different ways that people created options contracts. One of the more common methods was to use a form of contract called the “one page contract.
Like the most common options contract today, an options contract is a one-page document that gives you the opportunity to control your future with a few keystrokes. The basic idea of an options contract is that the owner creates the document. The contract you create is a one page document, so you can only edit the one line in it. The document you create gives the owner the right to call the other party to a meeting and discuss.
When you create a document, you are given the option to edit it. You don’t have to edit the one page contract. You can edit the one page contract by clicking the Edit button.
I think we can all agree that options contracts are awesome. But what if you don’t have the money to pay for a lawyer or the time to hire an accountant? The good news is you can create your own options contract that is a simple one page document (that can be edited) and that gives you the right to call the other party to a meeting and discuss what they need to do.
If you have a legal team you can create a contract that is free and does not require you to pay a lawyer, but they can do it if they really want to. In fact, the more options you have, the worse the legal fees will be. Also, if you can create a contract and the other party doesn’t want to sign it, you can call them and ask them to sign it.
What I’m getting at is that options contracts can be used to bypass contracts, which means you can take options away from someone that you don’t want them to have. You can’t call the other party and say, “Hey, I’ve got a business deal that I need you to sign so I can get the money I need to make a really bad deal with you.” That would be legal suicide. You can only get a legal document signed with the other party if they agree to it.
Ok, so the point I’m trying to make is that there are options that you can’t get away with in a contract. But if you’re not careful, you can use them to get away with things you didn’t want them to do. You cannot call the other party and say, Hey, Ive got a business deal that I need you to sign so I can get the money I need to make a really bad deal with you.
In order to get a bad deal you need to create a contract that allows you to walk away. There are two options to do this: either you make a bad deal directly or you do it indirectly by setting up a contract that allows you to walk away. You can do this by simply calling the other party and saying that you need them to sign a bad deal with you and that they should sign it with me, but a more sophisticated method can be used.
I know this to be more accurate; I just got my last job for the company and I still can’t get a contract signed with you.