Key Considerations in an Invention Assignment, Confidentiality, Non-Solicitation, and Non-Compete AgreementAn invention assignment, confidentiality, non-solicitation, and non-compete agreement is a multifaceted agreement that protects a company from certain actions of its employees and consultants during or following their employment…
When Is Board Approval Required?Under Delaware law, the business and affairs of all Delaware corporations shall be conducted under the supervision of the board of directors.[1] The board is responsible for establishing and…
Key Considerations in Convertible Note FinancingsA convertible note is a type of promissory note that is convertible into a company’s equity securities. Typically, these securities are issued when a company is initially raising money…
Employment Q & AIndependent Contractor v. Employee Q. Your business is just getting off the ground. Can you use independent contractors to do all the work, or do these individuals need to…
What the Heck Is a B Corp?The terms “B corp” and “benefit corporation” get thrown around more and more these days as (1) consumers increasingly demand socially conscious products and services, (2) employees increasingly want…
Launching a Startup? Consider Forming a Corporation Instead of a Limited Liability CompanyEvery founder of a startup must form a legal business entity and, to do so, the founder must choose the legal form the business entity will take. From among…
Spin-Offs: Key ConsiderationsMany public corporations utilize traditional M&A transactions and strategic partnerships to streamline operations and maximize stockholder value. Sometimes, however, these transactions are not desirable for various reasons, such as not…