I would hope that any business activity that Quanta undertakes has a legal agreement of some type. Doesn't have to be over bearing or bundled with a bunch of lawyers (after all, the idea is that we do trust each other I would hope), but it does need to be there.
This also protects Quanta because, if there are any questions about how something is done, there is a solid paper trail that at least shows the good intent behind the activities.
Cheers, jim
On Nov 23, 2004, at 10:15 AM, John Taylor wrote:
Didn't they extend a loan to D&D systems to get the Q60 built (further?).
(...)
Yes they did, and a very straight forward and successful arrangement it was
and fully repaid within 12 months. This is the sort of thing that Quanta
would be willing to consider for other projects but no one has come forward
with a project.
John Gilpin.(Treasurer)
It wasn't quite as simple as that John.
Dennis and Derek asked me if it were possible to get Quanta to market the Q60 so that they could concentrate on the production.
I agreed to approach the committee on their behalf.
The Chairman, Robin Barker, called a meeting specifically to discuss that and D&D were invited to attend.
Previous to the meeting the proposal had already met with a flat refusal from the Chairman.
He was however willing to discuss financing D&D and to that end John Mason turned up with a two and a quarter page legal agreement.
This despite not having put in an appearance at two previous committee meetings.
My first reaction was to get up and walk out. If D&D were to be trusted, a simple statement, even a verbal one, would have been binding.
If they weren't to be trusted then we shouldn't have been dealing with them.
Finally it was agreed that D&D would submit all invoices to me for payment and I would instruct the Quanta Treasurer to make the required payments.
In return, when a sale had been completed they would send the money to me and I would place such money in to the Quanta bank account.
I kept records and would have acted on these in the event of a dispute.
Trust was not always in evidence I am afraid, especially from Robin Barker and John Mason. The rest of the committee merely acquiesced when requested by the Chairman.
If the financing of projects is to be conducted in this manner, then they are dead in the water, for heavens sake, we are dealing with people we have known for years.
Therein lies the problem. John Mason has never been active among the Quanta members or the QL community beyond the traders, the Dorset sub group and the committee.
I have said it before. Attitudes are too deeply ingrained in the current committee, it has become a little closed shop or mutual admiration society.
For a healthy active committee you have got to have conflict. The members must believe in what they are doing even if the others disagree.
John Taylor
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