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Protecing Your Assets
Protecing Your Assets
Protecing Your Assets
Protecing Your Assets
Protecing Your Assets
Protecing Your Assets
Protecing Your Assets
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Protecing Your Assets

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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?

Published in: Business
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  1. WeWork Labs Seminar: Protecting Your Assets Jen Berrent Todd Anderman October 8, 2013 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

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