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How to Work with Lawyers at a Startup

Both Sides of the Table

JANUARY 21, 2010

Shame about not getting it in legal writing that you owned the original IP. Founded it as a California LLC but your potential VC wants a Delaware C-Corp? They usually ask for warrants (basically like a stock option) in exchange for taking a deferred fee. Anyone who does IP law in Southern California seems to use Knobbe Martens.

Southern California 318
Southern California Silicon Valley IP Stock Options 318
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Do It Right The First Time, Part II: Visit the Doctor or House Call?

Gust

DECEMBER 8, 2011

Form a legal entity to operate the business (we’ll use a Delaware corporation as an example for Newco). Determine the allocation of equity among co-founders, early employees or other service providers, and future contributors as applicable, as well as the vesting schedule , if any, that will apply. Appoint Newco’s initial Board of Directors.

Intellectual Property 139
Intellectual Property Non-disclosure Agreement Delaware Stock 139
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