Scott Edward Walker
OCTOBER 19, 2020
Over the past six months, my firm has been engaged by a number of startups with significant intellectual property (“IP”) problems. In a couple of cases, the founders played lawyer on their own; in the other cases, the founders either used (i) a Web service that did not address IP issues or (ii) an inexperienced law firm.
Scott Edward Walker
SEPTEMBER 28, 2011
Vesting Restrictions. The first deadly mistake relates to vesting restrictions. In addition, sometimes a portion of the shares will be deemed to be vested “up front” – meaning that they are not subject to vesting — particularly where a founder has made a significant contribution prior to the company’s incorporation.
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NZ Entrepreneur
SEPTEMBER 29, 2021
The goal is to gather a skill set around that table that reflects the next level of maturity of the business, and to regularly refresh it as the business scales up and needs a different skill set for each stage of its development. This equity will vest over 2-3 years. Startup directors’ value should be recognised.
The Startup Magazine
OCTOBER 30, 2018
As you are forming your new business, creating new products and hiring new employees as your company grows developing new materials, you will encounter scenarios where you need to create, review, and sign contracts. Contract Lawyer. Therefore, it’s often a good idea to hire a contract lawyer to have on retainer.
www.seriesseed.com
DECEMBER 9, 2012
It would be helpful to get a California standard employee manual, employee contract/agreements, IP ownership release to company, and confidentiality. Standard 1-way/bi-lateral NDA's, standard templates for an employee manual, employee contract/agreements, IP ownership release to company are on my wish-list too.
Austin Startup
AUGUST 20, 2017
Set any vesting schedules and expiration dates on roughly similar terms, if for no other reason just so you can track all of them correctly. Is there a development step that you must take to fulfill demand for a particular use case, and, if so, how does that cost get absorbed? Keep the valuations consistent with company progress.
Both Sides of the Table
AUGUST 17, 2009
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. Founder vesting. Yesterday I wrote a blog posting on founder vesting (see here ).
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