As founders look to raise capital, Simple Agreements for Future Equity (SAFEs) present a streamlined option. However, like any financial instrument, SAFEs come with their own set of risks. Understanding these risks is vital for making informed decisions and protecting the future of the business. 1. Valuation Cap Uncertainty SAFEs come in different forms. One …
Artists and writers have long submitted short stories, webcomics, and fan works to online literary magazines or on fanfiction websites as a way to hone their skills and gain exposure. Creators and their works span the globe and range from literary-style web novels to Japanese manga. In recent years, however, platforms have begun offering publishing …
Indie developers frequently outsource portions of game development to independent contributors (i.e., contractors). But depending on what agreements, if any, the primary devs have in place with any contracted contributors, the primary devs might not own their game outright. Even so, when devs start making a game, one of the last things they think about …
Video Game Developers and Work For Hire Agreements Read More »
When working on a game development or software project, understanding open source licenses is crucial. These licenses dictate how developers can use, modify, and distribute open source software. In this blog post, we’ll break down the essentials of open source licenses, focusing on the differences between permissive and copyleft licenses, and how they impact the …
Understanding Open Source Licenses: A Guide for Game Developers Read More »
Vtubers are like any other online entertainer or content creator: they also stream themselves playing video games, create YouTube videos, write and perform music, voice act, or just chat with their audiences. What sets Vtubers apart from other content creators is that they present themselves mainly or wholly as an animated avatar, often in the …
The FTC, relying on Section 5 and Section 6(g) of the FTC Act, issued a final rule on April 23, 2024 banning the use of non-competes nationwide. The ban will go into effect 120 days after the publication in the federal register (note that publication has not happened yet and the predicted effective date will …
One of the wonderful things about Roblox is that anyone can develop and publish a game. But when some Roblox devs start making a game, the last thing they think about is contracts. That can be a problem, especially if the game blows up. Why? Because depending on what agreements, if any, the primary devs …
A lot of folks accidentally dox themselves, typically when they’re setting up a limited liability company (LLC) or corporation (or when purchasing property or filing for trademarks, though this post focuses on corporate records). Why is that? When setting up a business, different states have different disclosure requirements. Some, such as Delaware, might only require …
How people accidentally doxx themselves by setting up a business. Avoid these mistakes. Read More »
We are thrilled to announce the promotion of Michele K. Robichaux to Partner at Odin Law and Media, a law firm passionately serving the video game, digital media and content creation industries. With an exceptional background in supporting creators from various sectors, including literature, entertainment, and video games, Michele brings a wealth of knowledge and …
Michele K. Robichaux Promoted to Partner at Odin Law and Media Read More »
In our first overview of corporate formalities and meetings we looked at corporate formalities that help to preserve corporate liability protections. In part two, we look at meetings specifically, including the types, procedure, and substance of meetings. Types of meetings At a high level, there are shareholder meetings and there are board meetings. Corporate bylaws …