In the board of directors, many people think this is a fantasy.
However, they didn’t dare directly question Warnia, the chairman, so they could only whisper to each other.
Soon, an old director stood up and said: “Chairman, as far as I know, Nippon Steel has never been willing to sacrifice controlling shares. Will the other party fulfill the contract you mentioned? Or, there are any hidden clauses in the contract, or harsh gambling agreements?”
In fact, contract traps are indeed very common.
Many established capitalists like to set their opponents or partners in the contract.
Many entrepreneurs get generous investment from capitalists when they start their own businesses, and they are determined to do a big job.
Well done, naturally everyone is happy.
But if you don’t do it well, it will be a big trouble.
Some investors require the investee to add an unlimited joint and several liability clauses to the contract, not to mention that unlimited joint liability has only six characters, but the lack of power behind it can make the investee go to ruins.
Because once the unlimited joint venture and liability is signed, if the transaction does not do well and loses money, the investor has the right to demand that the investee pays from his own pocket and compensate all the lost investment money.
For example, the owner of Tangsun, which used to be a mobile phone company, signed unlimited joint venture and liability, so after the failure of the business, he still owed up to 400 million in debt.
There are also many founders of companies who, because they cannot compensate investors, were eventually driven out of the companies they had worked so hard to create, and even went bankrupt and went to jail.
Therefore, the directors are also worried about whether there are any similar gambling clauses in the agreement signed by Warnia.
Warnia didn’t explain much, she took out a contract from her backpack and said, “This is the original contract signed by Nippon Steel’s Chairman Shinwa Watanabe with me. You can check it out and see if there are any details in the terms. no problem.”
The old director stretched out his hand to accept the contract, and a crowd of other people waited hurriedly around.
Even the Old Song couldn’t hold back a bit, and stepped forward to see what happened in Japan.
FAQ Novel
Q: What was Father Song’s initial concern regarding Warnia’s trip?
A: He was concerned about potential dangers during overseas expansion efforts.
Q: What is the typical nature of cooperation with Nippon Steel for companies like Song Group?
A: Usually, such cooperation involves the Song Group making significant concessions and inviting Nippon Steel on unequal terms.
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