NovelEnglishSince Jasmine had encountered harm from outsiders as well as members of the Moore family after going to Japan to discuss the collaboration details this time, Lord Moore originally thought that he would rather ask Jasmine to give up any further plans to continue extending their cooperation and collaboration overseas. This was because he wanted to prevent her from encountering this kind of danger again in the future. 5 However, he never would have expected her to obtain such a generous collaboration contract with Nippon Steel. Nippon Steel was a leader in the global steel industry. In this industry, their right to speak was extremely high. If a company like Moore Group wanted to collaborate with them, they would have to go and beg and plead for it. They would not only have to request for it, but they would also have to prepare and get all the land, local connections, and relations in order before inviting Nippon Steel over to collaborate with them. This feeling was tantamount to tidying up a bedroom in one's own house before rushing to other people's house to invite them over to stay at your house for a few days. 2 It could be said that they would have to have an extremely humble attitude.
Generally speaking, for this kind of collaboration between two unequal parties, it would be inevitable for them to sign a very unequal contract. 3 The most common unequal contract was for the weaker party to contribute a lot of money to obtain a small benefit, whereas the other party would only contribute lesser money to obtain a great benefit. However, who would have imagined that Jasmine would be able to subvert Nippon Steel, to balance the standing between Moore Group and Nippon Steel?! She had actually managed to get Nippon Steel to contribute more money but obtain a smaller benefit instead! This was something that no one ever dared to think of. 7 There were many people on the board of directors who thought that this was all just a fantasy.
Follow on NovᴇlEnglish.nᴇtHowever, they did not dare to question Jasmine directly because she was the chairman. So, they could only whisper and discuss this matter amongst themselves.
Very soon, an old director stood up and said," Chairman, as far as I know, Nippon Steel has never been willing to sacrifice the controlling interest. Will the other party fulfill the terms of the contract that you have just mentioned? Are there any hidden clauses or harsh conditions written in the contract?" 2 In truth, setting traps in a contract was indeed a very common matter.
Many established capitalists liked to set traps for their opponents or partners in a contract. 2 Many entrepreneurs who obtained generous investments from capitalists when they started their own businesses were always very determined to secure a big job.
If it was done well, everyone would naturally be happy.
However, if things did not go well, there would inevitably be big trouble.
Sinvestors would always require the investee to add on an unlimited joint and several liability clauses in the contract. Even though unlimited joint and several liability clauses were just six simple words, the power that these words held could easily make an investee go bankrupt, s This was because as soon as a person signed the unlimited joint and several liability, the investor would have the right to demand that the investee use his own money to compensate the investor for all the money lost in the investment if the transaction did not go well and caused the company to lose money.
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For instance, there was a case where the owner of a cell phone number signed an unlimited joint and several liability. In the end, even after the failure of the business, he still owed up to four hundred million dollars in debt. 4
There were also many founders of companies who were eventually driven out of the companies that they e worked so hard to build up because they could not compensate the investors. They had even gone bankrupt and was sent to prison. 4 Therefore, the directors were all very worried whether there would be any similar clauses or terms hidden in the contract signed by Jasmine. 3
Jasmine did not bother explaining much. Instead, she simply took out the contract from her bag as shen said." This is the original co the original copy of the contract signed between the chairman of Nippon Steel, Watanabe Shinwa, and myself. You can check it out and see if there are any problems in the terms of the contract." The old director stretched out his hand to take the contract, and a crowd of people quickly gathered around him.
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