Start-Up Entrepreneur Series: Non-Competition

In the Start-Up Entrepreneur Series, I will be taking a deeper look into some of the most common questions early stage founders face in putting together and operating their new businesses.  

The Start-Up Entrepreneur Series will be published each Wednesday morning until conclusion. For more information, check out www.hoeglaw.com or drop Rick a line at rhoeg@hoeglaw.com.

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Last week, we discussed agreements designed to protect a Company’s intellectual property.  As part of that discussion, we brought up the concept of “non-competition”;  a provision (or set of provisions) designed to prevent a Company employee or contractor from absconding with the Company’s valuable information.

Today we discuss those provisions in more detail.

Continue reading “Start-Up Entrepreneur Series: Non-Competition”

Start-Up Entrepreneur Series: Information and Inventions

In the Start-Up Entrepreneur Series, I will be taking a deeper look into some of the most common questions early stage founders face in putting together and operating their new businesses.  

The Start-Up Entrepreneur Series will be published each Wednesday morning until conclusion. For more information, check out www.hoeglaw.com or drop Rick a line at rhoeg@hoeglaw.com.

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Every new company has (or hopes to have) assets of some kind.  Some are physical. The retailer has his inventory, the service provider her equipment, the tech company its hardware.  For others (or for other parts of the same companies) its intangible. Software, information, prototype designs. But while many companies don’t need to worry about the protection of these “proprietary” assets, for others it is an absolute necessity.

Today we’ll take a look at one of the foundational incorporation documents for these IP-based companies: the Proprietary Information and Inventions Assignment Agreement (“PIIA”).

Continue reading “Start-Up Entrepreneur Series: Information and Inventions”

Start-Up Entrepreneur Series: Founders Stock

In the Start-Up Entrepreneur Series, I will be taking a deeper look into some of the most common questions early stage founders face in putting together and operating their new businesses.  

The Start-Up Entrepreneur Series will be published each Wednesday morning until conclusion. For more information, check out www.hoeglaw.com or drop Rick a line at rhoeg@hoeglaw.com.

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Last week we discussed the nature of a company’s operational organization through a discussion of its officers and directors.  This week we’ll take a deeper look at another major organizational question (and one whose answer is needed to elect those officers and directors):

“How should the founders split up the Company?”

That question, as it turns out, is difficult to answer before a series of smaller, but equally important, questions are considered.

Continue reading “Start-Up Entrepreneur Series: Founders Stock”