Why put a Terms of Service agreement on your website?
Look, everything’s got a little legal legend to it, ok? You see them everywhere. The masthead of a magazine, the fine print on an advertisement, even the coffee cups at McDonald’s. Everything just seems to go better when emblazoned with a bunch of juicy legal notices. [...]
What’s the big deal with owning all this IP? Isn’t there more to my company than just my IP?
Yes, there is a bit more to your company than its Intellectual Property. But, on average, not much more. So it’s important to keep good records about the IP you have.
Here is one of a [...]
What is a PPM and why do I need one?
A Private Placement Memorandum, or PPM, is a formal description of the investment opportunity offered by your company. Before taking money from investors (or lenders), you may wish to consider circulating a PPM to inform them of the basic provisions of your business plan, a description [...]
Do I really need to form a company or can I do business without one?
With few exceptions, all business should be conducted from within a company that is properly formed and organized as a corporation, a limited liability company (LLC), a limited partnership (LP) or the like. Why? Four basic reasons:
a. Asset Protection. Deservedly or not, [...]
So what’s with all the contracts?
There is no truer maxim in the law than “get it in writing.”
Probably the single most effective service lawyers provide to manage risk is the thoughtful structuring, negotiating, and drafting of effective contracts. With very few exceptions, every transaction in which a company engages should be governed by a [...]
The vast majority of the advice emerging companies lawyers give clients is meant to address one or more of these risks:
Litigation risk. We help you avoid things that could put you on the losing end of lawsuits.
Valuation risk. We help you take steps to fortify your company’s value (or at least not needlessly impair it) [...]
Why does a startup need a lawyer?
Generally, lawyers recommend ways of managing risks. It is the entrepreneur’s job to dream of everything that will go right with the company and to evangelize about the company’s prospects for success. It is our role as outside counsel to help that success along by anticipating the things that [...]
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