The Startup Guide to term sheets
Whether your startup is raising external funding for the first time or is into a Series round, here are five key elements you should be aware of when signing term sheets.
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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 scale...
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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...
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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 opti...
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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; Faceb...
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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 CE...
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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 th...
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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, w...
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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 ...
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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 unde...
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