Category: Legal & IP (Page 2 of 7)

Question:

I am the registered owner of a defunct company that has a judgment against it.  In the Commonwealth of Virginia, can I close that company with the active judgment?

Answer by Ethan Stone, Stone Business Law

First, a quick but important clarification: I’m not your lawyer and this answer doesn’t establish a lawyer-client relationship. I’m giving a generic answer to a generic question to educate the users of this site. The information below is general in nature and should not be understood as a substitute for personal legal advice.   Read more...

by Ruby Claire of Agreements.org

A tenancy agreement is a contract which binds the landlord and tenant regarding the terms and conditions of rental space. It is a legal document which specifies the responsibilities of both the parties involved.

The tenancy agreement can also be oral. Most people are not aware of the legal requirements when they enter into a contract. The letting agents take advantage of this and hoodwink their clients, so that their business continues to grow. It is necessary to know what statements are true according to law and what statements are myths when you sign a tenancy agreement. Find out the six myths related to tenancy agreements in this infographic.   Read more...

by Richard Hsu at One Page Blog

Back by popular demand, I have once again recruited my 13 year old daughter Maya to help me illustrate how to handle IP assets in a typical carveout M&A transaction.

Richard Hsu is a Silicon Valley Technology Lawyer who believes we are so overloaded with information that if you cannot be brutally pithy and honest, it won’t get read. Even though I spend most of my time negotiating complex licenses and wrestling with thorny technology issues, I want to use that experience to provide –hopefully– useful information which can be summarized on no more than ONE PAGE.

By Fas Mosleh on April 5, 2012 in his Blog – Feisal Mosleh New Ventures Partner at Juldee Innovation Ventures

Are you an entrepreneur in High tech? You may have a passion to launch a software startup or a new website or even a new kind of consumer electronic device like a video or camera phone.

Whatever your dream product, consider patenting any original, novel aspects by either filing a provisional or a full patent application at the US Patent Office. Why do this?   Read more...

Question: Where can I download good templates for boilerplate legal agreements, such as NDAs, Board of Advisor agreements, employment agreements, and other typical things a startup would need?

Answer by Ethan Stone, Stone Business Law

Let me start with a couple of caveats (yes, I’ll give you some links at the bottom).

First, I’m not your lawyer and this answer doesn’t establish an lawyer-client relationship. I’m giving a generic answer to a generic question to educate the users of this site.   Read more...

by Richard Hsu at One Page Blog

With contributions from some of my colleagues at Pharma Ventures, Aquilo Partners and Linda Pullan, Ph.D., here is a short presentation I recently delivered at King & Spalding’s PharmaU on life science and collaboration agreements.

Question: I formed an LLC with a partner a couple years ago, and it didn’t work out. I left him with a 70% stake and bowed out. I just heard that he licensed off the software for a pitance, then he joined the company that licensed it, getting a salary and a huge signing bonus. I didn’t get a dime from this transaction, even though I own 1/3 of the LLC. Is this legal?   Read more...

Question: I understand that venture capitalists like to include a founders termination clauses in most of their deals. What should I look out for with these termination clauses? And what should I include to protect myself?

Answer by Ethan Stone, Stone Business Law

First, a quick but important clarification: I’m not your lawyer and this answer doesn’t establish a lawyer-client relationship. I’m giving a generic answer to a generic question to educate the users of this site. The information below is general in nature and should not be understood as a substitute for personal legal advice.   Read more...

by Antone Johnson at Bottom Line Law Group

QUESTION:

I’m creating a social networking site.  Is it legal for me to basically copy off Facebook’s terms of service and privacy policies and just amend them for particulars of my own site?  Or can Facebook file some sort of complaint against me for that?

ANTONE’S ANSWER:   Read more...

by Naomi Kokubo editor of Founders Space

QUESTION:

Is there a way to secure the rights to an innovative plastic card processing program (alternative to cash) targeting a specific target market?  So that large banks and financial institutions (other than the one we potentially partner with) cannot duplicate?

ANSWER:

The first thing you can do is file a provisional patent.  This is fairly easy to do and will cover you for one year.  Within that year you will need to file one or more full patents based on the provisional patent.  This is probably your best protection.   Read more...