Stock Related Agreements: IP Related Documentation
Disclaimer: This post discusses general legal issues, but it does not constitute legal advice in any respect. This post is not a substitute for legal advice and is intended to generate discussion of various issues. No reader should act or refrain from acting on the basis of any information presented herein without seeking the advice of counsel. Cara Stone, LLP. and the author expressly disclaims all liability in respect of any actions taken or not taken based on any contents of this post. The views expressed herein are personal opinion.
As we’ve mentioned in our overview, there needs to be IP-related documentation for a company to have any viable chance to raise capital and to appear credible to investors. It’s also something that’s very, very important for the protection of the company and all its shareholders. When I say “IP-related documentation,” what I’m talking about is documentation that covers a couple of different things:
- Number one is confidential information. Most startups these days rely primarily on trade secret IP protection, and not things like registered intellectual property, such as patents.
Most processes, algorithms, formulas, and other things like that are protectable solely because they are secret. If a company fails to get confidential information protections in place by contract, then it risks permanently ruining and losing its secrecy.
It’s important to keep this documentation in mind when you’re starting to gain funding. Not only does it give you credibility, but it also makes it easier for your company to stay organized in all its legal matters. For more helpful tips on building your startup, subscribe to our newsletter and stay up-to-date on all of our social channels! As always, we’ll be happy to answer any questions to help you grow.
Disclaimer: This post discusses general legal issues, but it does not constitute legal advice in any respect. This post is not a substitute for legal advice and is intended to generate discussion of various issues. No reader should act or refrain from acting on the basis of any information presented herein without seeking the advice of counsel. Cara Stone, LLP. and the author expressly disclaims all liability in respect of any actions taken or not taken based on any contents of this post. The views expressed herein are personal opinion.
As we’ve mentioned in our overview, there needs to be IP-related documentation for a company to have any viable chance to raise capital and to appear credible to investors. It’s also something that’s very, very important for the protection of the company and all its shareholders. When I say “IP-related documentation,” what I’m talking about is documentation that covers a couple of different things:
- Number one is confidential information. Most startups these days rely primarily on trade secret IP protection, and not things like registered intellectual property, such as patents.
Most processes, algorithms, formulas, and other things like that are protectable solely because they are secret. If a company fails to get confidential information protections in place by contract, then it risks permanently ruining and losing its secrecy.
It’s important to keep this documentation in mind when you’re starting to gain funding. Not only does it give you credibility, but it also makes it easier for your company to stay organized in all its legal matters. For more helpful tips on building your startup, subscribe to our newsletter and stay up-to-date on all of our social channels! As always, we’ll be happy to answer any questions to help you grow.
