Legal Services for Startups & Savvy Businesses in Colorado

founders

Founders’ Dilemmas: Obligations to Other Employers

The vast majority of early-stage businesses operate in what I like to call “the hairy netherworld of in-between.” This is the stage where the founders have developed a fledgling concept, generated some excitement, done some early developmental work, but not all the founders have committed to the idea full time yet. This is a natural […]

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Solving Startup Founders’ Dilemmas

More often than not, most startup founders agree on some sort of equity allocation very early on in the process. Whether it’s a 50-50 split among two, or a 60-20-20 among three, or some other variation, the first thing most founders contemplate when they’re starting a business is who gets what. But this conversation – […]

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Social Media and Confidentiality Clauses

Recently read an article about a teenager whose Facebook status update cost her father the $80,000 settlement he won in an age-discrimination lawsuit. The facts are simple. Father signed an agreement for an $80,000 settlement in an age-discrimination case. The daughter bragged about the award on Facebook. The employer sued to get the settlement award […]

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What Is a Startup?

“Only describe, don’t explain.” ― Ludwig Wittgenstein According to Merriam-Webster, a startup is a fledgling company. According to Wikipedia, it’s a partnership or temporary organization designed to search for a repeatable and scalable business model. According to the Chicago Manual of Style, you spell start-up with a hyphen. But most people who work in the […]

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Inevitable Disclosure Doctrine: When Your Employer Can Keep You from Working for a Competitor

Most people have heard of non-compete agreements. But there’s another scenario where an employer can keep you from working for a competitor, even in the absence of a prior agreement: the Inevitable Disclosure Doctrine. Three tests must be met for a court to invoke the doctrine. 1) You must possess trade secrets that you do […]

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Term Sheet Basics for Entrepreneurs

I’ve heard some wacky stuff recently from entrepreneurs about term sheets. Some people seem inclined to throw the term around in contexts where it doesn’t belong. It’s a pretty simple concept, so I figured I’d draw up a quick primer to summarize the basics. What is a term sheet? A term sheet is a document […]

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