Remove Employee Remove Intellectual Property Remove IP Remove Stock Options
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Do It Right The First Time, Part II: Visit the Doctor or House Call?

Gust

Readers can anticipate my next point in continuing the analogy: It makes no more sense for a non-lawyer to prepare fundamental legal, governance, equity and intellectual property documents than it would for a patient to self-diagnose and begin taking prescription-strength antibiotics or other medications. Offer letters for employees.

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Most Common Early Start-up Mistakes

Both Sides of the Table

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? But these people seldom make retirement money from the stock options on these companies. Not worth it.

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What Is the “Walker Startup Package”?

Scott Edward Walker

Button-down IP ownership and assignment issues (see post here ). If you hire any employees, make sure you don’t misclassify them as an independent contractor or fail to pay them at least the minimum wage (see post here ). Indeed, we have done more than 300 Startup Packages and the appeal is obvious: no billable hours.

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When do I need to incorporate a company?

Startup Company Lawyer

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. Creating intellectual property. Hiring employees or third party contractors.

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Term-sheets and Valuations: Thinking about Negotiations - Startups.

Tim Keane

These include: ·       Vesting of Founder Stock. Especially in situations where the founders have a large position and are key employees, it is not uncommon for investors to request that they agree to have some portion of their holdings vest on a schedule.

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Beware The Consultant

infochachkie.com

Unlike employee training costs, which can typically be spread over years of service, the relative return from training a consultant is modest and pricey. The final straw came when I asked the latest 25-year old a simple ‘yes / no’ question related to stock options. IP) is an ugly thing at a startup.

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Why Lawsuits Are On the Rise at Startups and What To Do About It

Both Sides of the Table

They were then sued for trademark infringement by a foreign company who had no product, no customers and no employees in the US. He had a stock option vesting program and had vested a significant amount of his stock but not all. Be formal with every employee contract – even with friends.

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