A liquidation preference deals with what happens to the proceeds of the Company after it is dissolved or sold. Investors typically want to get their money back first before anyone else and a liquidation preference outlines that right. There are several types of liquidation preferences. Standard Seniority This is present in most financings. It means …
Equity Investment Term Sheets: Liquidation Preferences Read More »
The Washington Post recently wrote about alleged workplace abuse at esports organization TSM along with employee misclassifications. Here is an excerpt: Former workers described the atmosphere at TSM and Blitz as start-up-like, where hierarchies were fluid and staff was expected to wear many hats at once. But experts who reviewed contracts for some former workers …
Brandon J. Huffman Quoted on Esport Workplace Challenges Read More »
Law360 recently wrote about the concerns with esports classifications, particularly with independent contractor classification issues. Here is an excerpt in relation to the contract between FaZe Clan and Turney Tenney, also known as Tfue: Outside the FaZe Clan case, a reason for the lack of litigation could be that players either make too littleor too …
Ryan Fairchild Quoted on Esports Classification Concerns Read More »
On Friday, April 22nd, Ryan Fairchild will be presenting at PAX East 2022 along with Harris Peskin [Partner, ESG Law] and Saphya Council [Associate, Frankfurt Kurnit Klein & Selz PC]. The topic will be: The Business and Legal Walkthrough “Do you play games for a living? If the answer is yes, then come join video …
On Monday, March 21st, Amanda Whorton will speak at an online event held by Triangle ArtWorks on copyright, trademark and right of publicity for musicians. “What rights do you have to your music? What rights do you need to perform the work of others? Did you know there are separate rights attached to the words, …
Amanda Whorton to Speak on Copyright, Trademark & Right of Publicity for Musicians Read More »
We’re thrilled to welcome Connor Richards to our Odin Law and Media Team! Connor Richards, Attorney Connor joins Odin Law and Media to build a practice focused on helping video game developers, esports teams and professionals, and entrepreneurs grow sustainably. As a “Big Four” accounting alumnus, Connor brings a unique background in tax law to …
As a law firm that primarily works with video game companies, everyone on staff is a gamer in their own right. Here’s what we’ve been playing this winter of 2022: Solar Ash by Heart Machine (PlayStation 5) I’ve been playing through Solar Ash and very quickly realized that I am not a speedrunner – but …
The Washington Post recently wrote about Twitch streamers’ react content and the ensuing copyright infringement from streamers like Imane “Pokimane” Anys, Hasan “HasanAbi” Piker and Jeremy “DisguisedToast” Wang. Here is an excerpt: This awkward and unceasing dance around the topic [of copyright infringement] has been fueled in part by the fact that Twitch is incentivized …
In 2021, Odin Law and Media polled its staff and as a firm, donated to: Triangle Artworks Child’s Play Food Bank of Eastern NC AbleGamers Triangle ArtWorks provides programs and services for artists and art organizations in North Carolina. From professional development courses to resource directories, it’s an inclusive center to help navigate the business …
As a law firm that primarily works with video game companies, everyone on staff is a gamer in their own right. Here’s what we’ve been playing this fall of 2021: Kena: Bridge of Spirits by Ember Lab (PS5) and Stardew Valley by ConcernedApe (PC) I’ve been playing Kena: Bridge of Spirits. It’s a client game …