When a business is established, the founders often hire a legal firm to give them advice on how to set up the business. Most law firms that advise founders require them to Guatemala Phone Number sign an engagement letter acknowledging that it is the company and not their client. It simply means that the founders have no legal advice to protect their own interests. Founders often conclude that they don’t need separate representation because, as the sole account owner and. Manager, “they” are the company, and what benefits the company is good for them.

This article describes many of the legal issues that founders often face in business startups and startups. And describes the potential situations where more legal consultants can help them produce better results. . In these and other possible cases, founders should carefully consider keeping personal advice to advise them either individually or with a large group of common stockholders.


1. Agreement with former users

Often one or more of the founders worked for a company where they had non -competitive competition and appointment. Of the contract created. The problem may arise if the intellectual property on which the founders intend to set up the new. Business is available and without any requirement from the employer prior to the appointment of the human rights contract. Or the start-up and operation of the new business. may have a breach of a previous non -competition agreement.

Resolving such issues regarding previous employers is well planned before they leave work to set up a new business. Often the effort to set up a new business is based on getting a hard time getting back despite a breach of contract requirements, or even worse, an allegation that the founder stole trade secrets or other intellectual property rights. one.


2. Contribution to intellectual property

With a technology launch, intellectual property that was. Develope by one or more founders will be distribute to the company in exchange for the founder’s stock. Once the intellectual property is grant, it becomes the property of the company and the founder no longer has any human rights in it. As a result, the founder may want to consider;


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