Allocation of risks is an essential part of all commercial contracts. Each party in contracts` negotiations seeks opportunities to minimize its risks which creates tension between contracting parties.
If you are desperate for a job, you tend to accept some risks that you cannot bear in case the worst-case scenario happens.
Where is the balance then? How to systemize which risks you can accept and which ones you must walk away from no matter what?
I talk about the contractual risk allocation procedure in a new episode of my “Smart Contracts blog.”

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