Odin Law

Roe v. Wade

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 …

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Equity Investment Term Sheets: Liquidation Preferences

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 …

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Brandon J. Huffman Quoted on Esport Workplace Challenges

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 …

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Ryan Fairchild Quoted on Esports Classification Concerns

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 …

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Equity Investment Term Sheets: Right of First Refusal and Co-Sale Right

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 …

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Amanda Whorton to Speak on Copyright, Trademark & Right of Publicity for Musicians

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, …

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Term Sheets 101: Drag-Along and Tag-Along Rights

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 …

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Announcement: Connor Richards Joins Odin Team

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 …

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