Below you'll find a list of all posts that have been categorized as “Legal Advice”
Disclaimer: We understand that every business has specific needs that must be met. That being said, this is a legal consultation checklist detailing what should be discussed with a business lawyer during your consultation to make the most of it. In order to ensure the success of your business long term, it is important to make sure you are following …
Would you like to cancel a new contract but don’t want to be penalised? Know your rights to cancel within the cooling-off period. A cooling-off period lets you cancel orders and contracts if you change your mind for any reason, usually within 14 days. This can be really useful when you engage in a contract for your business but some …
If there is one thing that’s hard to argue about, it’s the following: starting your own company is extremely exciting! You cannot wait to fill the gap you’ve spotted in the market years ago and offer the world a great new product, paired with sublime service, all under your own name. With your own company, you get to call the …
We’ve seen a significant increase in the use of chatbot technology in 2019 and we expect to see further growth in deployment and development throughout 2020. If your business is using a chatbot solution or you’re interested in implementing this technology next year, you should be aware of the legal issues associated with it and how to mitigate such issues. …
Buying someone else’s business is always a challenging process. You have to consider every aspect of the targeted business and think through potential issues that may occur along the way. The ideal situation is to buy an expanding business that the current owner is not able to scale properly, but this is not the most common case. On the contrary, …
No, we are not talking about questionable fashion choices today–we are talking about finances! Vesting in this scenario is the process by which a shareholder earns shares or stock options over a period of time. This terms will be determined in a Shareholders’ Agreement, but it is usually either over a period of years or when a specific milestone is …
Equity split is one of the most important and controversial topics that you would need to discuss with your co-founder in the early stages of your business relationship. This is the moment where the arguments may arise. That’s why equity allocation and choosing the co-founders are very important. How should equity be split between co-founders? Going into business with someone …
Splitting equity is a difficult and sensitive decision that co-founders have to make when starting a business. The result of this decision can lead to a stronger relationship where each co-founder knows where they stand—or it can turn into a complete nightmare. There isn’t one universal rule on how equity should be split, but we have some tips to help …
Small businesses accounted for 99.3% of private sector businesses at the start of 2017 and 99.9% were small or medium-sized (SMEs). Want to be part of this business owners’ world? Are you a small business owner wanting to avoid mistakes? Don’t know where to start or what you need? Here are the essentials for those seeking legal advice for small …
When should you hire a lawyer? Hiring a lawyer is not an extravagant expense but a cost saving one. What you should do before hiring your lawyer: Know your needs Would you prefer to go to court or stay courteous? Trust your lawyer Do they take the time to teach you about the legal context of your business? Do they …
