11/23/2025
Contract law for family business:
Indemnity = “I’m going to pay for whatever comes up because of this f—up.”
Limitation of Liability = "If I f—up, you agree that you only get $x."
Waiver = "If I f—up, you agree that you can't bring these claims or damages."
Dispute resolution (mediation) = “If I f—up, you agree to talk it out before this gets crazy.”
Dispute resolution (arbitration) = “If I f—up, you agree this gets crazy, but in private.”