Remove Developer Remove Entrepreneur Remove IP Remove Stock Options
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How to Work with Lawyers at a Startup

Both Sides of the Table

I recently read a post over on VentureHacks titled, “ Top Ten Reasons Entrepreneurs Hate Lawyers &# written by Scott Walker (who blogs on legal issues for entrepreneurs ). Shame about not getting it in legal writing that you owned the original IP. I know that people have an allergy to lawyers out of fear of being screwed.

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How Great, Operationally-Focused CFO’s Can Transform Your Business

Both Sides of the Table

What I love about my job is getting to see teams of super-early-stage companies develop ideas that while raw have potential to make an impact on the market. It’s the nature of most entrepreneurs, honestly. Another thing entrepreneurs f**k up? Stock option top-ups after a few years are vital retention mechanisms.

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Most Common Early Start-up Mistakes

Both Sides of the Table

I often talk with entrepreneurs who are kicking around their next idea. Would you want to run the risk that your former employer could have a claim against the intellectual property you’ve created because you broke company policies and developed your ideas on company resources? Make sure you own your IP. Not worth it.

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

Gust

I urge all entrepreneurs to consult and develop a good working relationship with a qualified startup lawyer. Caveat entrepreneur ! I’m reluctant to give legalistic disclaimers, but in this instance, I do need to emphasize that the material in this article is legal information , not legal advice.

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The When to Incorporate Decision-Matrix

The Startup Lawyer

4) Is your startup hiring developers or designers? 5) Is your startup granting stock options or other equity compensation? 8) Is your startup signing contracts with third-party companies for business services (not for IP creation or development)? No –> 0 points. (3) Yes –> 5 points.

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When do I need to incorporate a company?

Startup Company Lawyer

At some point, however, an entrepreneur will need to formally incorporate a company. Please keep in mind that even if a company is incorporated, founder stock purchase agreements with repurchase rights over unvested stock if founders leave are not included with the documents from typical online incorporation services.

IP 67
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The When to Incorporate Decision-Matrix

The Startup Lawyer

4) Is your startup hiring developers or designers? 5) Is your startup granting stock options or other equity compensation? 8) Is your startup signing contracts with third-party companies for business services (not for IP creation or development)? No –> 0 points. (3) Yes –> 5 points.