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WHY THIS, NOT THAT™ CONTRACTS | When to Walk Away

DO THIS

Know when to walk away from a contractual relationship that is not working.

NOT THAT

Continue to try and remediate the relationship and enforce contact terms.

WHY

Kenny Rogers was right in the song, The Gambler:

????You’ve got to know when to hold ’em
Know when to fold ’em
Know when to walk away
And know when to run????

As Elliott Indig noted in his recent post, the contract is important, but it is not the most important.

Enforcement is an expensive endeavor.

Do your due diligence on the party with whom you have contracted and make sure it is worth it!

Interested in learning more? Join the convo on LinkedIn!

Lisa Lang currently serves as the General Counsel for Kentucky State University. Lisa first began her career as a lawyer working as an associate attorney specializing in insurance defense for a law firm in Louisville, Kentucky. She left that firm in 2008 to work for the Commonwealth of Kentucky. She first worked in the Office of the Attorney General as an Assistant Attorney General and then for the Kentucky Department of Education in a variety of in-house counsel roles until taking her current position at Kentucky State in 2017. Lisa is a co-author of the anthology #Networked: How 20 Women Lawyers Overcame the Confines of COVID-19 Social Distancing to Create Connections, Cultivate Community, & Build Businesses in the Midst of a Global Pandemic on sale now on Amazon. In April 2021, she will be speaking about the Power of Community at the #EmpoweredWomen Spring 2021 Online Event hosted by Freeman Means Business™ that in April 2021. Connect with Lisa on Linkedin! #LawyerLisaLang