Escape Velocity
You need to decide when you're in and when you're out of any contract. Here's how to do it.
ByMarc Diener•
Opinions expressed by Entrepreneur contributors are their own.
如果您的交易有任何时间表,“escape" clause can be a lifesaver. It can be a drop-deaddate after which all bets are off. Or, you can erect a"milestone." For instance, it can be something like this:"If gross revenues do not equal at least X dollars within 18months, we stop funding."
With a "step" deal, you hedge your bets by investingtime and/or money in stages. Here's an example: A venturecapital firm will fund in phases, from seed capital at the outsetto bridge financing before the IPO. At each prenegotiated juncture,the firm reserves the right to pull the plug.
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