Worldwide Ty learned to read contracts from reading the Bible. He found an 80-20 royalty split that looked good until he cross-referenced twelve sections later and discovered a clause that killed the whole deal.
I learned how to read contracts by reading the Bible. Why is the Bible instrumental for you learning how to read contracts? Well, because the Bible, if you read one scripture, right, and you only look at that scripture to go out and live your life, there's another scripture in another part of the Bible that really brings that together, right? And that's how I put together contracts. So when I look at a contract and I see a term that says, oh, this is the royalty part of the contract, I'm like, okay. And it might say in the contract, see Section 1213, right? If I look at Section 1213, 1213 can basically say, yeah, so that royalty is canceled out if you get locked up, if you your royalty reduced every time you get— if I never looked at that, uh, if I never got this Section 12-8 before I signed it, yeah, I just signed over what I thought was an 80-20 deal, 80 in my favor. It got another clause in it, right, 12 sections down that puts the whole contract together. So that taught me how to read all contracts.
