It happens every week. A client sends a short email describing a contract they want, or even a term to be added to an employment agreement for a new hire. This post on issue spotting by Ken Adams shows you what a good lawyer thinks when she hears: Oh, and Jane should work out…
Read MoreSeveral years ago, I switched my law practice from mass torts (plane crashes and shipwrecks) in New York City to corporate law at a large Silicon Valley law firm. As a result of that experience and clients I worked with in the years following the dotcom bust, I developed a number of simplifying rules about…
Read MoreI recently came across a LinkedIn question asking about entity selection for a social enterprise. The generic question for a generic business is what people often conceive of as an “easy question” with a simple answer. Here’s my answer: Laura, the question you ask is only properly answered in light of more important questions. I’ve…
Read MoreHere’s a LinkedIn question about LLC operating agreements. The poster wonders whether the operating agreement he received from the entity formation company is a little “generic” and asks the forum for specific advice about what should be included. The answers point to some provisions that should be included (division of gains and losses, breakup/buyout/dissolution schemes,…
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