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Dear Founders: Here Are Three IP Mistakes to Watch-Out For

Scott Edward Walker

Who owns the IP — the old employer or the founder/startup — is governed by state law and the terms of any agreements that the founder executed. The nightmare scenario for founders is that they are heads-down and working on their startup for a number of years and finally get some headlines on a successful financing or exit.

IP 52
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How to Form a Corporation

Up and Running

This option takes greatest advantage of your knowledge of your state and its laws, the helpful local people you know, and the ability to physically visit government offices if needed. Because of its popularity, Delaware is also statistically a popular state for investors to finance businesses.

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Do It Right The First Time, Part II: Visit the Doctor or House Call?

Gust

Likewise, founders can benefit from understanding basic characteristics of the overall legal structure, formation and governance documents, rights and responsibilities of team members, etc. Stepping off the soapbox, let’s examine the highest level “To Do” list for a new startup: Formation, Governance and Equity. Newco, Inc.”)