Bach to Business

Our award-winning blog draws from Elizabeth Whitman’s background in and passion for classical music to illustrate creative solutions for complex legal challenges for businesses and real estate investors.

Posts tagged cobra effect

Aligning Incentive Programs with Business Goals

Business should take care that their bonus programs and contracts incentivize behavior that leads to the desired goals.

Business Law, Property Management, Real Estate InvestmentsElizabeth WhitmanJuly 31, 2024cobra effect, jazz, business goals

Contract Drafting Fundamentals – Be Careful What You Incentivize

By viewing a contract from the other party's perspective, a party not only can ensure that the contract doesn't incentivize undesirable behavior but also can foster a stronger relationship through understanding the other party's needs.

ContractsElizabeth WhitmanDecember 19, 2022cobra effect, contract incentives, hanoi rat massacre

Unintended Consequences of Business Policies

Sometimes, policies also can backfire and create unintended consequences. For instance, in 2014, the Maryland legislature outlawed the sale of high-proof alcohol, only to find out that it had an impact on the violin repair business.

Business LawElizabeth WhitmanApril 7, 2019Elizabeth A. Whitman, Elizabeth Whitman, Whitman legal solutions, Bach to Business, grain alcohol, violin, luthier, unintended consequences, incentives, decision tree, on-call, policies, policy, bonus plan, bach to business, cobra effect