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
 Valuati...
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 inte...
Development, Consulting or Work Made
for Hire Agreements
Work Made for Hire but Cover Your Bases
Master Agreement with SOW...
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 a...
 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...
 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 ...
Resources
 Orrick's Start-up Forms
http://www.orrick.com/Practices/Emerging-Companies/Startup-Forms/Pages/Forms-Technolog...
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Starting up Legally | Juliet Peters | 85 Broads

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How to start your venture legally!

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Starting up Legally | Juliet Peters | 85 Broads

  1. 1. Getting Started Legally Juliet Peters Founding Partner Becker Peters, PLLC I’ve got an idea….now what?
  2. 2. Equity Issues LLC VESTING CORPVS.
  3. 3.  Buy-Sell Language  Provisions for Death or Divorce  Different Classes of Units  “Profits Interest” Language  Valuation Formula  Deadlock Provision Operating Agreement Must Haves
  4. 4. Technical Co-Founder Outsourcing Your Development In-House Development Secure Your IP
  5. 5. 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?
  6. 6. 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?
  7. 7. To Non-Compete or Not to Non-Compete Proprietary Rights Agreements In-House Development?
  8. 8.  Technology Advisors  Advisory Board Members Other Assistance
  9. 9.  Actively Protect It  Trademarks  Patents  Trade Secret Protection  IP Identification And Storage Product Traklight at www.traklight.com Safeguard Your IP
  10. 10.  What’s Wrong With A Handshake? Contracts
  11. 11.  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???
  12. 12.  Employees vs. Independent Contractors  Interns – sad but true, proceed at your own risk Employment Issues
  13. 13.  Interview At Least Three  Experience — Technical, Business  Philosophy  Ask For Referrals  Flexibility  Value Find the Right Lawyer
  14. 14. 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

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