At Odin Law and Media, we are outraged at the overturning of Roe v. Wade. We acknowledge the basic truth that women are competent, autonomous people who will make their own healthcare decisions. These choices are intensely private, and the government has no role to play in them. The entire democratic system is weakened when …
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 spring of 2022: Hades by Supergiant (Nintendo Switch) I’ve been playing a TON of Hades. Like, a lot of Hades. I loved the visuals, the story, the gameplay …
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 »
Two common equity investment term sheet phrases are “right of first refusal” and “co-sale right” – but what do they mean? Right of First Refusal The right of first refusal is a right given to investors that allows them to purchase shares of stock that a stockholder is attempting to transfer. For example, a co-founder …
Equity Investment Term Sheets: Right of First Refusal and Co-Sale Right 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 »
In term sheets and negotiations, two phrases that are useful to be familiar with are “drag-along rights” and “tag-along rights.” Drag-Along Rights Drag-along rights allow majority investors to sell the company without minority stockholders having to sign off on the sale. Minority holders will be paid for their shares but they are unable to block …
Term Sheets 101: Drag-Along and Tag-Along Rights 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 …