TechCrunch published Snap earnings before numbers went public

Re:TechCrunch published Snap earnings before numbers went pu... by ajdlinux on Tuesday October 22, 2019 @08:33PM (#21329905)

Not a lawyer, but I thought that one element of a binding contract (at least in the common law Anglosphere) is that the parties must intend to create a legally binding relationship - i.e. if two friends agree to each do a favour for each other, and one of them reneges on their promise, the courts won't hold that it's a contract because in general if you ask a friend to do a favour for you, it's not understood to be a formal legal relationship.

I wonder how that applies to embargoes that don't come with formal NDAs or whatever.

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Re:TechCrunch published Snap earnings before numbers went pu... by was_boring on Tuesday October 22, 2019 @08:52PM (#21330021)

I worked for lawyers that did a lot of contract law. It can vary from state to state (in the U.S.) but the state I worked in a verbal agreement -- not even written down -- is legally binding. Proving a non-written agreement can be hard in court but that is a different issue.

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Re:TechCrunch published Snap earnings before numbers went pu... by ajdlinux on Tuesday October 22, 2019 @10:31PM (#21330517)

Not disagreeing - I didn't say a verbal agreement isn't binding.

What I'm saying is that a verbal agreement is binding if there's an intention to create binding relations, and not binding if there is not that intention.

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Re:TechCrunch published Snap earnings before numbers went pu... by rtkwe on Wednesday October 23, 2019 @01:20PM (#21336747)

There is a relationship formed though, 'we will provide you this information early on the condition that you release not before a date and time we specify.' They both get something valuable from each other, the outlet access to write a better article and to publish sooner when it will get more traffic and the company gets their earning in front of more people.

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