Next Generation Bar Exam Quiz
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A freelance designer is owed $80,000 by a startup. Her initial goal was quick cash to pay rent, so her lawyer negotiated a 24-month installment agreement. Before signing, the designer receives a large inheritance and no longer needs immediate cash. She learns the startup has just received venture funding and may be acquired. Her goals are now to maximize recovery and avoid being tied to a long payout if the company is sold. The drafted agreement has no acceleration clause.
What should the lawyer do before the designer signs?
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