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“A contract has two main parts that should be spelled out: exactly what you are getting and exactly what you are giving for it. Those two elements are the purpose of the contract. There may be other parts of the contract to set jurisdiction and take care of other legal formalities, but those two parts should be absolutely clear. If they are not clear, if you do not understand these aspects of the contract, it is not yet time to sign.” — H. Sherman Rundles
Sherm Rundles has been one of my Mentors. He is from a generation before mine, just eight months younger than my mother. He “retired” twenty-some years ago from his corporate job and devoted himself to running the side businesses he and his wife had. When I talked to him about a month ago, he was happy to report that in his retirement and nearing eighty, he has finally gotten his workload almost down to sixty hours per week. I learned a lot from him, not only when we were working together, but later as I would visit him at his small business locations where he still holds court. Sherm is a no-nonsense guy. He thinks most things are simple, and the truth is that he’s right.More