Posts Tagged ‘legal’

Can you recommend a good place to go to find online legal documents for setting up my company?

QUESTION:

I’m a first-time Silicon Valley entrepreneur.  Can you recommend a good place to go to find online legal documents for setting up my company?

ANSWER:

Naomi Kokubo

Naomi Kokubo

by Naomi Kokubo, Cofounder of Founders Space

Orrick’s startup toolkit helps with company formation and is a good place to start. It doesn’t replace having a good attorney, but it should give you an idea of what’s involved in setting up typical Silicon Valley startup.

How can I look up legal codes myself?

QUESTION:

As a startup, we try hard to minimize our lawyer’s time to save money.  We usually spend time reviewing the legal docs in advance, so we don’t have to ask too many  questions.  My problem is when I come across a phrase like: “pursuant to section 141(f) of the Delaware General Corporation Law”.   Where can I find out what this is about?

ANSWER:

Naomi Kokubo

Naomi Kokubo

by Naomi Kokubo, Cofounder of LavaMind

Is there a way to contract out of corporate law?

QUESTION:

One of our founders asked, “During a negotiation, when I said I do not want to be responsible for any liability that I’m not aware of, I was told by a lawyer from the other side of the table that I cannot contract out of corporate law and I must bear the burden no matter what.  But don’t companies often sign indemnification agreements with their officers and directors, promising to protect them from any liabilities?”

ANSWER:

Do you know of an online term sheet creator for stock and bridge financing?

QUESTION:

Do you know of an online term sheet creator for stock and bridge financing?

ANSWER:

Yes, we do.  Orrick’s Term Sheet Creator is helpful for drafting start-up and venture financing documents, ranging from a founder’s round to stock and bridge financing.  Keep in mind, this doesn’t replace having a good attorney.  We still highly recommend you get professional counsel.

Go see Term Sheet Creator

The Term Sheet Creator includes the following…

Founders Term Sheet