What if your counterparty assigns the contract to Apple?

Welcome to another practical contract tip from How to Contract! In this video, Laura talks about the importance of using thought experiments in contract drafting. A real-world scenario: Your small SaaS client is sold to a large company like Apple.

Key considerations if the contract is assigned:

-- Pricing: Ensuring your pricing model scales and doesn't expose you to undue risk.

-- Risk Management: Assessing and mitigating risks associated with a larger counterparty.

-- Deliverables and SLAs: Reviewing service obligations and performance standards.

-- Assignment Clauses: Including strong restrictions against assignment, pre-approval rights, and void-if-violated language.

 Make sure to think ahead and protect your interests in every contract! Make sure to like, subscribe, and hit the notification bell for more practical contract tips from How to Contract! C