IP Basics
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Reading together recent Colorado legislation -- the Colorado Privacy Act and the Colorado AI Law, in conjunction with the EU AI Act, can provide some signal as to possible future legislation.
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Startups should have a high level understanding of the types of IP as it affects their approach to hiring, fundraising, growth, and exit. Here, I describe the categories of IP and in future posts will dive deeper into each one.
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Colorado has become the first US state to pass general AI legislation. Read on to understand who's affected and obligations for compliance.
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Slack AI's privacy principles are vague as to usage of customer data for AI training, but the real issue is customer consent to use data for ML training, for B2B software.
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Ensuring IP rights are transferred from founders and employees to the company is critical for getting financings and acquired, and is a key component to a tech company's valuation. Here, I'll discuss how IP ownership works for founders and how it's different for employees, and the type of IP assignment language required to make sure the company owns all developments.
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Many founders, and execs generally, don't know how to vet an attorney for fit and working style. Here, I give tips on how to vet an attorney for expertise, work style, and budget, so you can find the right person for your situation.
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Your company is humming along, but you're faced with a problem: you need to hire and update the cap table, you're going to sign an LOI or NDA with a potential customer, and you're looking to hire more than 5 employees domestically. Here, I describe common scenarios where it makes sense to engage an attorney to help you untangle and prepare the right documents so you can get back to building your company.
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The FTC bans noncompetes nationwide, citing violation of Section 5 of the FTC Act. This has major implications in many industries, such as tech and professional services. Read on for details on the FTC's rule and upcoming litigation.
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Knowing what's legal advice and what's legal information will help you put context around what you read online, what advice you hear, and how to decide what to do next for your company.
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QSBS is a hot topic amongst founders and early employees when it comes to the potential federal income tax savings. Here, I'll describe the requirements for a stock sale to qualify as QSBS so you can sell your stock at the right time and reap huge tax savings.
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Running a company is more than building a product and getting a bank account together. It also involves something called corporate governance, which is a framework of processes to document key company decisions, such as appointing officers and issuing equity. It's a necessary part of running a startup properly, getting funding, hiring and retaining top talent, and scaling up. Read on for basics of corporate governance, and when board consent is required for certain company actions.
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Most founders aren't worried about operations; they're focused on building great products customers love. But, some tasks need to be done to get the company off the ground and ready to start hiring, building, and taking in revenue. Learn more about what to do to get yourselves set up.
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What other legal docs does a startup need after incorporating? Here, I discuss what founders and the company needs to get going and focus on building amazing products.
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Not sure when to work with an attorney to incorporate? Here are some cases where it's helpful to work with corporate attorneys and other specialists.
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Ready to incorporate but not sure how to select an entity? More information on most popular options for startups looking to raise from US VCs and why.
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Tips on when incorporation is appropriate and business critical.
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Only humans can be inventors on patent applications and other USPTO guidance for AI companies.
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This blog is for early and growth stage startups in the SaaS and AI space, who want to understand where aspects of their business touch on legal.
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