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Coach Brent Key Scenario
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<blockquote data-quote="IEEEWreck" data-source="post: 903783" data-attributes="member: 617"><p>The problem that I have is that the buyoit fundamentally does not protect the underlying consideration for GT. The buyout for us if our coach is poached by someone else is a low risk, low impact scenario and doesn't materially alter our strategic situation. It won't stop a poaching. It'd be nice, but you can't, for example, go after a higher priced coach with a few years of buyout money.</p><p></p><p>If the coach fails to deliver wins and improvement, it fundamentally ceases to offer the consideration GT is after. In fact, it substantially harms that underlying interest. Good contracts identify situations where one or both parties cease providing consideration as breaking the contract. Bad contracts name consideration in a way fundamentally misaligned with the parties interests.</p><p></p><p>We're talking about writing a lease where the tenant not paying rent doesn't break the contract.</p></blockquote><p></p>
[QUOTE="IEEEWreck, post: 903783, member: 617"] The problem that I have is that the buyoit fundamentally does not protect the underlying consideration for GT. The buyout for us if our coach is poached by someone else is a low risk, low impact scenario and doesn't materially alter our strategic situation. It won't stop a poaching. It'd be nice, but you can't, for example, go after a higher priced coach with a few years of buyout money. If the coach fails to deliver wins and improvement, it fundamentally ceases to offer the consideration GT is after. In fact, it substantially harms that underlying interest. Good contracts identify situations where one or both parties cease providing consideration as breaking the contract. Bad contracts name consideration in a way fundamentally misaligned with the parties interests. We're talking about writing a lease where the tenant not paying rent doesn't break the contract. [/QUOTE]
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