I don’t have the time to give this full consideration, but on the whole I think you are correct if Will has the information asymmetry in both the negotiation phase and the payment phase, whereas I was implicitly assuming Will having full information in negotiation and suddenly gaining an information asymmetry in the payment phase (which doesn’t make much sense). So, yeah, I think I agree.
I don’t have the time to give this full consideration, but on the whole I think you are correct if Will has the information asymmetry in both the negotiation phase and the payment phase, whereas I was implicitly assuming Will having full information in negotiation and suddenly gaining an information asymmetry in the payment phase (which doesn’t make much sense). So, yeah, I think I agree.