wwwjnwell1
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I have recently got an offer from a prop shop. But the contract looks weird...
I can only say it is one of Met, STA, Futex, Pyne.
Basically, one specific term in the contract scared the hell out of me. It says, "I will undertake to pay the firm, on demand, any losses suffered as a result of all kinds of investment activities."
I asked the guy to explain this and he said I will only be liable for losses conditional on any misconduct. However, it is not mentioned in the contract and he couldnt point out explicitly which bit in the contract says so. So I just told him that i need more time before signing this and here I am...
I wonder if it is a typical term in a contract between a trader and a prop shop? I looked up literally all post about the specific firm on T2W and I could nt find even one post saying anything about the contract. Although i saw posts about this situation with other firms but not with any of Met, STA, Futex, Pyne.
Can anyone give me some advice on this??
I can only say it is one of Met, STA, Futex, Pyne.
Basically, one specific term in the contract scared the hell out of me. It says, "I will undertake to pay the firm, on demand, any losses suffered as a result of all kinds of investment activities."
I asked the guy to explain this and he said I will only be liable for losses conditional on any misconduct. However, it is not mentioned in the contract and he couldnt point out explicitly which bit in the contract says so. So I just told him that i need more time before signing this and here I am...
I wonder if it is a typical term in a contract between a trader and a prop shop? I looked up literally all post about the specific firm on T2W and I could nt find even one post saying anything about the contract. Although i saw posts about this situation with other firms but not with any of Met, STA, Futex, Pyne.
Can anyone give me some advice on this??
