blog-grid

Labour Laws 101 For Startups

Deconstructing the numerous State and Central laws governing labour and employment can be a time-consuming process for startups. So, how can they ensure compliance while simplifying the process? A good start can be to go through the provisions listed under the Startup India Action Plan. As an entrepreneur, you’ve successfully completed the first steps of rolling out your idea into the market. Eventually, as your consumers begin to take notice, you find t...

Read More read_more
blog-grid

3 IP Due Diligence Exercises You Must Conduct During an Acquisition

While, as a startup, IP plays a key role in safeguarding your ideas and prototypes, once your company achieves scale, IP continues to play a vital role, not just in protecting your knowledge assets, but also in establishing patent ownership when entering into mergers or acquisitions. Think Facebook, Google, Microsoft, Infosys, Tesla Motors. Each of these companies thrives in a knowledge economy, where its value lies not in its physical assets but in the qu...

Read More read_more
blog-grid

Drafting a Return & Refund Policy for your Startup

While there is no regulatory policy in India that governs returns and refunds of sold goods online or offline, it is important to have such a policy in place, that not only falls under the legal purview, but also protects the interests of your business, while keeping your customers happy. In May 2016, one of the largest e-commerce players in India, Amazon, stole headlines with a policy that could potentially carve its name in the bad books of a consumer; i...

Read More read_more
blog-grid

What should I do when faced with a Cease & Desist Letter?

A small resto bar once adopted a brand name, spent a ton of money in marketing and promoting its brand on social media, only to receive a Cease & Desist Letter from a retail giant, which alleged that the former had infringed on the trademark rights the retail giant had over an international clothing line brand name. Similarly, Zomato, which is today a popularly known restaurant search and discovery platform, was once called Foodiebay and, received a Ce...

Read More read_more
blog-grid

Why Do Startups Need Legal Documents?

The article discusses the importance of having legal documents in place at the early stage, how much is too much when it comes to forming legal documents for a startup, and the need to customize and negotiate legal terms as a company scales. Team Smart CEO Media Labs Why is legal documentation so important for startups? One may ask. And, to point out to potential pitfalls that may hinder your company’s growth from the absence of it, there are plenty of e...

Read More read_more
blog-grid

Is the Service Agreement with your Vendor, watertight?

The movie, The Social Network, can pinpoint a collection of common legal mistakes often made by startups founders. The Winklevoss twins failed to put a legal service agreement with Mark Zuckerberg, when they outsourced some development work to him; Facebook co-founder, Eduardo Savarin, made critical mistakes in his co-founder agreement with Zuckerberg, and could not protect his shareholder rights in a future round of fundraising; And, the list is endless....

Read More read_more
blog-grid

The Term Sheet Check

An entrepreneur just told us, “I recently closed a convertible debt angel round. It was just lesser paper work and the valuation will get decided in the next Series-A round.” As a law firm, we responded asking, “Did you carefully weigh all your options?” “If it were an equity round, then the investor and entrepreneur are on the same team while raising Series-A; both sides want a higher valuation. In the case of convertible debt, the investor want...

Read More read_more
blog-grid

Startup Law 101 Key legal issues an early stage entrepreneur must be aware of

Why do I need legal assistance at the early stage? What legal issues should I address at this stage keeping in mind the future? How can I identify the right legal advisor or law firm for my business? These are three key questions early-stage entrepreneurs must ask themselves. Often, in the quest for growth and scalability of a business idea, founders (of startups) miss out on researching, forming and implementing key legal documents, which ensure a smooth ...

Read More read_more
blog-grid

Your intellectual property (IP) is an economic tool, not a creative one

A few years ago, when several experts stressed on the need for startups to create an Intellectual Property (IP) strategy right at the founding phase, a principal argument which made the rounds was, when technology giants such as Twitter and Facebook scaled with minimal patentable intellectual property in the early days, why can’t we? This added to the fact that filing for patents can cause cash burn, money that can be used to acquire customers. However, ...

Read More read_more