"Keep every deal short enough for everyone to understand Asked about smart contracts and legal frameworks, Musk distilled his entire philosophy of agreements into one principle: "the most important thing is clarity of understanding" and deals should be "very very short and simple, plain language" so that everyone genuinely grasps what they are agreeing to and what the consequences of non-performance are. He observed that most business deals are "way too long and complex and overly lawyered" — and that complexity in agreements is a risk multiplier, not a protection. Before signing or drafting anything, ask whether both parties could explain the deal in two sentences. Source: Elon Musk, Lex Fridman Podcast, Elon Musk"