Oracle sued Google for copyright infringement on August 13, 2010 regarding Google’s use of 11,500 lines of Java code and application programming interfaces (APIs). The longstanding legal battle between Google and Oracle was argued in the Supreme Court on Wednesday, October 7th and will establish major precedent every software company […]
On Wednesday, August 26, the Securities and Exchange Commission (“SEC”) announced an amendment to the definition of Accredited Investor. The SEC proposed a rule change to update the definition of Accredited Investor on December 18, 2019. That change was announced yesterday in an attempt to “modernize” the rule. History of […]
Finding great talent for a startup company can be intense and competitive, and often the last thing on a founder’s mind is the best way to formalize the new employee relationship. On one hand, spelling out the terms of employment seems simple enough, but on the other, a company does […]
We’re often asked about what financial or other company information has to be disclosed to investors and stockholders, what information can be demanded, and what information can be kept internally. We’re kicking off a two-part series to clear up some commonly asked questions about financial inspection rights, starting with the […]
Continue to follow our blog as we chronicle the newest litigation facing Uber. Uber’s Latest Legal Battle By now, you may have heard about the latest of Uber Technologies’ woes: a lawsuit, filed by one of their earliest venture capital investors, Benchmark Capital. Benchmark has alleged that Uber’s founder and now-former […]
The creation of a new business can be a fraught process. For new entrepreneurs, time, money, expertise, and energy are all at a premium. Incorporating, identifying investors, locating office space, hiring staff, and getting a product off the ground are all time-consuming activities, and all require the execution of binding commercial […]
Columbus StartupWeek has officially begun! The Gillespie Law Group is a proud sponsor of what promises to be another exciting week-long series of events full of great content focused on the Columbus Startup community. The schedule of events is listed here. Come down and look for us throughout the week! […]
While it might at first seem counter-intuitive, initial ownership of founders equity in your startup should not be based on entirely on who had the idea or who has contributed the most so for. The nature of startup relationships are unpredictable, and oftentimes founders have different ideas on what is […]
NDA’s should be tailored to the situation, covering only what needs to be covered, and doing so clearly. The most important issue to consider when drafting an NDA is to make sure that the agreement would be enforceable by a court. The quickest way to unenforceability is to write the […]
Confidentiality (Non-Disclosure) Agreements can be an important agreement between parties who have something to keep secret. They should, not however, be taken lightly. Careless drafting can render them unenforceable when they’re needed; and when used in the wrong situation, they can become a hindrance to an otherwise positive business relationship. […]