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the business was tied to multi-year cloud commitments that continued even as revenues fell and staff were laid off.

ahahah, good meme!

That’s what happens when you don’t read the terms and conditions or the fine print. But I think there should be some kind of exception clause for cases like this.

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You mean a better termination clause? I.e. 3 month notice for premature termination and maybe a fine? It would be good to be able to negotiate that, yes. Competent contract managers will often point this out in their review before you sign and explicitly warn of risks. It doesn't take too special an executive to file such warnings under "risks unlikely to materialize" and move on with the contract.

Feels to me the activist is angry at the wrong party here.

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You mean a better termination clause?

Yeah, some way to reduce the cost. But like you said, that kind of clause should be in the contract. I went through something similar with a telecom contract for a place I had to move out of. I still had to pay the remaining 4 months.

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45 sats \ 2 replies \ @optimism 23h

Agree that for consumer contracts this can be pretty nasty and feel predatory. I don't have this problem with my non-KYC prepaid providers though. So I do think that there is a solution.

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Back then that wasn’t a thing, but now telecom providers in Portugal are required to offer plans with no contract lock-in, although those plans are more expensive.

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151 sats \ 0 replies \ @optimism 23h

It'll always be more expensive to not be locked in, to not have your data recorded or stolen, to not be a slave.

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