Founder Vesting, Intellectual Property and IP

4 Deadly Legal Mistakes That Startups Make

Scott Edward Walker

SEPTEMBER 28, 2011

You also need to remember to file your 83(b) election with the Internal Revenue Service within 30 days after the grant/purchase date of the restricted shares (see tip #3 of my post “ Founder Vesting: Five Tips for Entrepreneurs ”). IP Ownership. Any IP created or acquired by a founder (e.g.,

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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. Not worth it. Assemble a team.

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