By Abhinav
With an extensive knowledge of contracts, Michael Jordan stands out. On a recent podcast, Marcus Jordan discussed the contract-related lessons his father imparted to him.
Michael Jordan emphasized to his son the inviolability of contracts, which is one of their most crucial aspects. When you sign a contract, you must keep your word, regardless of any later doubts.
In a move that would benefit the team, Jordan signed a contract with the Bulls that underpaid him initially. By adhering to his word, he achieved a bigger contract in the long run
A key lesson Michael Jordan shared with his son is to be prudent about what you sign. Carefully perusing the contract, ensure you understand its provisions before signing. By actively negotiating, you can secure a superior agreement.
As a lesson to his son, Michael Jordan highlighted the significance of keeping promises. It is crucial to remain dedicated to your promises once they are made. By breaking your promises, you jeopardize the trust of others and create obstacles for personal growth.
Lastly, Michael Jordan imparted the significance of negotiation to his son. Walk away if contract terms aren't to your satisfaction.
Most significantly, emulate Michael Jordan. Cultivate a reputation for steadfastness, integrity, and effective communication. The secret to success lies in adopting these fundamental principles.
THANKS FOR READING
Top 5 NBA Documentaries to Binge-Watch