| ▲ | OkayPhysicist 5 hours ago | |
More companies need to make, for lack of a better term, "oaths" of what they won't do as a company. My pitch on it is to tie it to financial penalties the company agrees to pay, somewhere in the "enough to incentivize a significant portion of our user base to sue us" territory, such that it would be financial suicide to violate them. | ||
| ▲ | TZubiri 5 hours ago | parent [-] | |
Contracts ad incorporations are designed for this, the issue is that the incumbent legal strategy is to use template documents, and to reduce potential disputes to 1$ in private arbitration, essentially legal's job is to make legal go away. Another term I would incorporate is a Seppuku term, if we get hacked, I resign, the company goes bankrupt. Anything else is the wrong attitude to computer security for companies that want to scale to Global reach. | ||