Starting up Legally | Juliet Peters | 85 Broads
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Starting up Legally | Juliet Peters | 85 Broads

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How to start your venture legally!

How to start your venture legally!

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Starting up Legally | Juliet Peters | 85 Broads Starting up Legally | Juliet Peters | 85 Broads Presentation Transcript

  • Getting Started Legally Juliet Peters Founding Partner Becker Peters, PLLC I’ve got an idea….now what?
  • Equity Issues LLC VESTING CORPVS.
  •  Buy-Sell Language  Provisions for Death or Divorce  Different Classes of Units  “Profits Interest” Language  Valuation Formula  Deadlock Provision Operating Agreement Must Haves
  • Technical Co-Founder Outsourcing Your Development In-House Development Secure Your IP
  • Technology Assignment Agreement or Exclusive License • Broad as possible • Terms should be worldwide, right, title or interest to company and forever (perpetual) • Confidentiality • Ability to get injunctive relief • Strong Reps and Warranties Working with a Technical Co-Founder?
  • Development, Consulting or Work Made for Hire Agreements Work Made for Hire but Cover Your Bases Master Agreement with SOW Attached Reps and Warranties, Indemnity, Insurance Non-Disclosure Agreements Outsourcing Your Development?
  • To Non-Compete or Not to Non-Compete Proprietary Rights Agreements In-House Development?
  •  Technology Advisors  Advisory Board Members Other Assistance
  •  Actively Protect It  Trademarks  Patents  Trade Secret Protection  IP Identification And Storage Product Traklight at www.traklight.com Safeguard Your IP
  •  What’s Wrong With A Handshake? Contracts
  •  Psssh, it’s not a security – it’s my Uncle Fred.  I heard I can solicit anyone I want to now.  Let’s head to the crowd. Raising Money???
  •  Employees vs. Independent Contractors  Interns – sad but true, proceed at your own risk Employment Issues
  •  Interview At Least Three  Experience — Technical, Business  Philosophy  Ask For Referrals  Flexibility  Value Find the Right Lawyer
  • Resources  Orrick's Start-up Forms http://www.orrick.com/Practices/Emerging-Companies/Startup-Forms/Pages/Forms-Technology.aspx  Gunderson Dettmer LLP http://bit.ly/QVgPb3