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 »
COVID-19 has resulted in a multitude of questions about employment law and how businesses can navigate the pandemic in a safe and legal way. In general, this overview on best practices will be high-level but these issues tend to be very state-specific, so a good starting point is going to be any state or local …
Best Practices in Creating and Enacting Return-To-Work Policies for the Company 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 »
Sometimes owners of a company that is not a corporation may want to convert it into a corporation to prepare for future investment opportunities. However, some states do not provide for statutory conversions. In those cases, a merger is the proper method. What is a statutory conversion? Statutory conversion is the process through which one …
What’s the difference between converting or merging a non-corporation to a corporation? 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 …
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 …
Corporations have a Board of Directors. The Board’s role is to make high-level decisions on behalf of the company’s shareholders and to oversee and appoint officers to run the corporation day-to-day. The composition of the Board is among the foundational elements of the corporation. The board gets to set the agenda and steer the company …
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 …