The terms were signed once. They decide who carries the risk.

The terms were signed once. They decide who carries the risk.

Tina Gerbec
Published on: 24/09/2026

dm's standing conditions agreement decided who carried the risk when a product did not sell: returns, delisting at any time, and the cost of clearing store stock. Three of those clauses were rewritten in October 2025. None of what moved was a price.

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Four banks called the price appropriate. The board negotiated everything that was not the price.

Four banks called the price appropriate. The board negotiated everything that was not the price.

Tina Gerbec
Published on: 17/09/2026

Four banks called Midea's offer for KUKA appropriate, so the price was settled before the board sat down. What it negotiated instead: locations, strategy, board independence and where the customer data may be held.

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Sony built the format. The contract said who could use it.

Sony built the format. The contract said who could use it.

Tina Gerbec
Published on: 28/08/2026

In 1988 Nintendo signed a contract for a CD drive and handed Sony control of the format. Nothing was hidden. Both sides read the same words.

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Nine of them filed the papers. One did not.

Nine of them filed the papers. One did not.

Tina Gerbec
Published on: 22/08/2026

In 2020, LVMH stopped sending the paperwork it needed to complete its purchase of Tiffany. Nothing was refused and nothing was announced, and the delay stayed invisible until Tiffany measured it against nine other deals that had filed in the same mon

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