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 »
As more offices open up, more companies are seeking to keep their workforce safe. A vaccination policy, discussed in our previous blog post about return-to-work policies, is one piece of that process. However, no matter what policies a company has decided to adopt, there are important considerations in how to handle employee or visitor information …
Best Practices in Creating and Enacting Return-To-Work Policies for the Company, Part 2 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 »
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 …
Many people are vaguely aware of something called a “research and development credit.” It may bring to mind pharmaceutical research, manufacturing processes, or other traditional processes that businesses have been improving and creating for generations. What people don’t realize is that the benefit of the R&D Credit doesn’t end there. Video game developers, software companies, …
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 »