I see a lot of people get held up on this and we were too when we started.
It was a headache and we also have had to pay tens of thousands of dollars in legal costs and have needed over 30 iterations of contracts.
So I put together a complete package of all of our legal templates, how to edit them for your project and location...
AND how to find affordable, fast legal help to give them a quick review before you use them and to be extra certain.
This is mainly about saving costs and about being safe with your project, but it's also about Time and Strategy.
Time is a factor here because when you enter into making a deal with someone and a lawyer takes 2 weeks to get you what you need to sign, or make changes to it. It can derail the deal.
Having things ready, plus fast legal help is, in my experience, key to keeping the momentum of a deal.
It’s hard enough to find someone to partner with you, or do a joint venture to build you guest stays for free… you don’t want to lose the opportunity at the last minute.
Often times that’s where deals fall through.
Strategy is a factor because you’ll be negotiating.
The first time I went into negations the persons first reply was offering a “convertible debenture”…
I didn’t even know what that meant (it’s like a convertible loan).
The second time I went into negotiations I got hit with vesting interest, caps and floors.
I felt I was in way over my head.
Now I use caps and floors as terms in my agreements all the time.
When we spoke to an investor we said we’ll pay you 10% of profit capped at $100k.
That way they like the 10% BUT we don’t have to keep paying them forever.
I felt like I was on the short end of the stick when we started.
This template pack and course I made for you is the long end of the stick.
You want to respond and negotiate like an expert.
So you can walk into the room and own it. Be protected. And bring the deal across the finish line.
And not let legal mumbo jumbo get in the way of achieving your vision for a successful project and life.
This is the kind of stuff they don’t teach elsewhere. This is straight from the school of hard knocks.
And have I ever paid the price for it. I made all the mistakes with it so that you don't have to.
Streamline the legal process every step of the way.
Speed actually does matter... owner financing momentum, making a deal with someone... to buy land, get investment, even a joint venture deal.