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Contract Traps: A Field Guide — Part 2
Our first installment of the Contract Traps: A Field Guide series helped you spot common pitfalls in “standard” customer agreements. Now, Part 2 raises the stakes.
In this installment we walk through six more provisions that can quietly shift risk onto emerging companies, from clauses that let customers rewrite the rules mid‑contract to warranty language that turns routine service hiccups into breach claims. We also highlight how seemingly harmless terms around termination, change of control, and affiliates can surface later, often at the worst possible time, like during a financing or sale. A close read now can help you avoid costly surprises down the line.
Six Common Contract Traps: A Field Guide
Here, I present a basic field guide to help you spot and navigate six of the most common and most impactful traps you may encounter out there in the wild, in no particular order.
Waivers of Obligations and Deadlines under the Investors’ Rights Agreement
Founders should understand and appreciate each of the new requirements to which they are subject by virtue of their company’s IRA. This article reviews two provisions of the IRA where a company’s management team might find itself stymied if it fails to appreciate the relevant deadlines and deliverables, many of which may not have applied to the company before it took on new investments.
New York City Offers Up to $20 million to Projects Selected from Life Sciences Innovation Infrastructure RFP
The New York City Economic Development Corporation (the “NYCEDC”) is seeking proposals from not-for-profit organizations and not-for-profit/for-profit joint ventures to support New York City’s life sciences community.
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