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How to Work with Lawyers at a Startup

Both Sides of the Table

You never got around to agreeing exact equity splits but you had many conversations about it. Shame about not getting it in legal writing that you owned the original IP. Forget to get around to setting up that Employee Stock Option Plan and want to be able to give the early guys their options at a low strike price?

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Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

He wants a chance at changing life’s circumstances with building equity value that might free him and his family from the rat-race of 529 accounts, property taxes, summer-school tuitions and even spending some cash on aging parents. There is often money to be made in finding places with under-valued IP. He still has the dream.

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What Can a Startup Lawyer Help With?

The Startup Magazine

Some of these potential issues can include: profit sharing, equity splits, decision-making, and division of responsibilities. Startup lawyers specializing in intellectual property (IP) can help you file relevant patent applications. to resolve future conflicts. amongst others. Protecting Your Ideas.

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Bad Notes on Venture Capital

Both Sides of the Table

Less than you’ll probably grant your most junior employees in stock options? “But lawyers will charge much more for equity.” Stock Option plans. Try doing THAT with equity. Him: Not so good. Obviously he’d be pissed off. I hadn’t really thought about it. Me: I know. Employment.

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Lockdown Lost-Founder IP

The Startup Lawyer

Thus, it’s wise to lock down your startup’s IP early to prevent the lost founder problem. How to Lock Down the IP. Consideration for services rendered should be given to all developers and consultants that work on anything IP-related at your startup. Consideration can also be cash. Conclusion.

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Legal Checklist for Startups

Scott Edward Walker

Button-down IP ownership and assignment issues (see post here ). Split the equity based on prior contributions and expectations going forward, not necessarily equally (see post here ). Incorporate in Delaware and qualify the company to do business in the state in which its principal office is located (see #2 here ).

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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. Newco, Inc.”) Newco, Inc.”)