Harlem Biospace Seminar: Protecting Your Assets

  • 182 views
Uploaded on

Explores: …

Explores:
- How do I make sure I own the IP?
- Do I need agreements with founders?
- What agreements do I need with employees, consultants and advisors?
- How important are confidentiality agreements?

More in: Business
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
182
On Slideshare
0
From Embeds
0
Number of Embeds
1

Actions

Shares
Downloads
0
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Harlem Biospace Seminar: Protecting Your Assets Jen Berrent Todd Anderman February 3, 2014 Attorney Advertising
  • 2. Protecting Your Assets Topics  How do I make sure I own the IP?  Do I need agreements with founders?  What agreements do I need with employees, consultants and advisors?  How important are confidentiality agreements? © 2014 Wilmer Cutler Pickering Hale and Dorr LLP WilmerHale 2
  • 3. How do I make sure I own the IP? By contract!  Licenses  Assignment of inventions  Confidentiality © 2014 Wilmer Cutler Pickering Hale and Dorr LLP WilmerHale 3
  • 4. Do I need agreements with founders? Founders sign agreements to make sure the company is separate from the individuals so that it can incentivize founders but survive a departure  Invention, Non-Disclosure, Non-Competition and NonSolicitation Agreement – Founder Services Agreement (non-employee founders)  Restricted Stock Agreement – For “founder stock” © 2014 Wilmer Cutler Pickering Hale and Dorr LLP WilmerHale 4
  • 5. What agreements do I need with employees, consultants and advisors? Sign agreements covering:  Services to be provided  Term of engagement  Restrictive covenants  Ownership of inventions  Confidentiality  Grant and vesting of equity © 2014 Wilmer Cutler Pickering Hale and Dorr LLP WilmerHale 5
  • 6. What agreements do I need with employees, consultants and advisors? Services and Other Terms  Employees – Offer Letter – Invention and Non-Disclosure Agreement – Non-Competition and Non-Solicitation Agreement  Consultants – Consulting Agreement  Advisors – Advisory Board Letter © 2014 Wilmer Cutler Pickering Hale and Dorr LLP WilmerHale 6
  • 7. What agreements do I need with employees, consultants and advisors? Equity  Employees – Restricted Stock Agreement (executives only) – Stock Option Agreement (incentive or non-statutory)  Consultants – Non-statutory Stock Option Agreements (individuals only) – Warrants (entities)  Advisors – Non-statutory Stock Option Agreements Wilmer Cutler Pickering Hale and Dorr LLP is a Delaware limited liability partnership. WilmerHale principal law offices: 60 State Street, Boston, Massachusetts 02109, +1 617 526 6000; 1875 Pennsylvania Avenue, NW, Washington, DC 20006, +1 202 663 6000. Our United Kingdom offices are operated under a separate Delaware limited liability partnership of solicitors and registered foreign lawyers authorized and regulated by the Solicitors Regulation Authority (SRA No. 287488). Our professional rules can be found at www.sra.org.uk/solicitors/codeof-conduct.page. A list of partners and their professional qualifications is available for inspection at our UK offices. In Beijing, we are registered to operate as a Foreign Law Firm Representative Office. This material is for general informational purposes only and does not represent our advice as to any particular set of facts; nor does it represent any undertaking to keep recipients advised of all legal developments. Prior results do not guarantee a similar outcome. © 2014 Wilmer Cutler Pickering Hale and Dorr LLP © 2014 Wilmer Cutler Pickering Hale and Dorr LLP WilmerHale 7