Stick line contract easily

Aug 6th, 2022
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If you want to apply a minor tweak to the document, it should not require much time to Stick line contract. Such a basic action does not have to require additional training or running through handbooks to understand it. Using the right document modifying resource, you will not take more time than is needed for such a quick edit. Use DocHub to streamline your modifying process whether you are an experienced user or if it is the first time using an online editor service. This instrument will take minutes to figure out how to Stick line contract. The sole thing needed to get more productive with editing is actually a DocHub profile.

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How to stick line contract

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Hey everyone its Susan Peirce Thompson and welcome to the weekly vlog. So this week I wanted to share a tool with you because Ive been using it a bunch lately and to really good effect and the tool is called a StickK Contract. Otherwise known as a commitment contract and if youve been around for a long time and maybe youre a Bright Lifer then youve probably heard of StickK Contracts or commitment contracts because I was talking about them a bunch about three years ago and in fact I shot a vlog on them three years ago but it dawned on me recently, as I was using them a bunch, that theres a whole new generation of people engaged in our community now who might not be aware of this tool. And I think the ways Ive been using them are really illustrative of the ways that a commitment contract can really help to provide just that extra little bit of support to guide our habits and our behavior. So let me back up and just share a vignette that I first heard I think from Tal Ben-Shahar,

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I just learned a new termsticky contracts. It refers to the tendency of drafters to stick with a given form contract, even if it contains suboptimal provisions. Gordon Smith has a post on the subject at the Conglomerate blog.
Making a Commitment Contract is 100% free, no matter how many of them you make. Even if you put money on the line, stickK wont charge you a penny upfront.
stickK is a free goal-setting platform created by behavioral economists at Yale University.
All stakes are sent to your Recipient of Stakes once your Commitment Contract has ended. Once the Contract is complete your Recipient will receive a payout request via email where they can then accept the stakes via PayPal.
Each time an individual breaks a contract that involves a penalty fee, stickK collects a percentage of that fee. Ayres said stickK collects 19.5 percent of contract defaults to charities and 29.5 percent to anti-charities. StickKs other major revenue source is its corporate contracts.
stickK works by helping its users leverage the power of incentives and accountability through the creation of Commitment Contracts. A Commitment Contract is a pre-commitment device that forces users to make decisions upfront (now) about their future behavior.
They sign a legally binding contract that will send their money to third parties, including either individuals (referred to as Friend or Foe) or a number of organizations and charities. If users pick Charity as a recipient of their forfeited money, stickK selects the charity for the user.
Each time an individual breaks a contract that involves a penalty fee, stickK collects a percentage of that fee. Ayres said stickK collects 19.5 percent of contract defaults to charities and 29.5 percent to anti-charities. StickKs other major revenue source is its corporate contracts.

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