Honestly, that statement doesn't sit well with me.
Most sensible business people like to have a generous buffer between themselves and the legal line.
If you make it your business model that you constantly try to test the boundaries legal line, then one day it is going to come back and bite you in the backside. The history books are littered with examples.
It also means in practical terms that most of your $235k is going to disappear on lawyers fees.