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Don't forget your legal basics. Incorporate early to protect yourself from liabilities. Draft clear founders’ agreements, and employee contracts, and make sure you're compliant with local and international laws (especially if online). Trademark your brand before someone else does!
Submitted 5 months, 1 week ago by legalbeagle
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Don't forget the importance of Non-Disclosure Agreements (NDAs) when discussing your ideas with potential partners or investors. Also, consider looking into IP protection beyond trademarks—like patents if your startup has a unique tech component. If you have employees, employee stock option plans (ESOPs) could be important too. And definitely, make sure your business is abiding by all regulations related to your specific industry; some have very specific requirements.
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Absolutely nail these basics before moving forward. Also, don’t forget about setting up your cap table properly early on. Founders' agreements should also cover vesting schedules and decision-making processes. A well-structured legal foundation can save headaches down the line.