The Costly Consequences of Skipping the Fine Print

One of the most important lessons in any contract situation? Always read the fine print. Recently, a client of ours learned just how high the stakes can be. She was offered an employee share option plan that sounded like a great opportunity—but she didn’t thoroughly review the details before signing. As it turned out, some of the conditions for her shares to vest were practically impossible to meet. Even more concerning, the plan allowed the company to set the share values, rather than using the actual market value.

When she came to us, we worked to renegotiate her agreement. With some strategic changes, she achieved her targets and secured $350,000 in company equity well before the original vesting date.

The takeaway here? Always understand the details of any agreement you’re entering into, especially if it can affect your future financial security. Contracts that seem promising can have hidden clauses that may disadvantage you in the long run. Don’t let a deal that seems flattering push you into signing hastily—seek expert advice to ensure your interests are protected. Taking that extra step now can make all the difference later.