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by u10 1411 days ago
It's by definition a promise
1 comments

"a written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law."
Almost all contracts concern promises to do something in the future (e.g., deliver goods, perform services, pay money).
Obviously. A wedding vow is a promise to stay with someone. A prenup is a contract that you will stay with someone but have a clear exit clause. Musk signed a contract with an exit clause. The contract is a complicated document. If it was a promise it could be written on a hallmark card.
> Musk signed a contract with an exit clause.

There are some exit clauses (like Musk not getting financing from his banks) but they don't apply here. Specifically, there's no exit clause for the bot percentage.

> If it was a promise it could be written on a hallmark card.

Are you just trying to change the meaning of the word promise? Most people would agree that if you break a promise you pay a price - it might be a social one in case of a promise between friends. Or it might be a financial price in case of a written & signed promise, a.k.a a contract.

This is just pure misinformation.
No, you just misunderstand the breakup clause in this contract. It's not an exit for any reason and pay a fee clause.

Musk is actually obligated to buy the company at this point. It is unlikely the courts will fully attempt to force such a large purchase. But the penalty decided could be much higher than $1B.