Saw a weird clause in a contract at a client's office in Austin
Was helping a friend review a vendor agreement at his small marketing firm. The contract had a line about 'perpetual, irrevocable license to all derivative works' buried on page 8. It was for a simple logo design project. That's way too broad for what they were paying, which was only $2,500. It basically gave the other company rights to anything they made from the logo forever, no take-backs. Anyone else run into this kind of overreach lately?
What gets me is how they hide these clauses in plain sight. They'll bury a huge penalty in the middle of a boring section about insurance or force majeure. I once saw a contract that slipped in a non-compete by calling it a "market protection agreement" in the definitions. You almost need to read it backwards.