The issue with your bankruptcy clause isn't its reasonableness (although I personally don't think it's reasonable); the issue is that it's probably not enforceable. I'm not particularly interested in amateurishly delving into the nature of executory and non-executory contracts between freemium startups and their users, but just know that this is not a simple niche in US law.
I'm a very arrogant guy (really), but not so much that I feel like I can come up with a code of conduct for startups on my own. I've got no alternative to offer you. I don't think we need one and I'd bet the market is going to agree.
Comments
The issue with your bankruptcy clause isn't its reasonableness (although I personally don't think it's reasonable); the issue is that it's probably not enforceable. I'm not particularly interested in amateurishly delving into the nature of executory and non-executory contracts between freemium startups and their users, but just know that this is not a simple niche in US law.
I'm a very arrogant guy (really), but not so much that I feel like I can come up with a code of conduct for startups on my own. I've got no alternative to offer you. I don't think we need one and I'd bet the market is going to agree.