Unlike a traditional priced equity round, a convertible note is a type of debt that converts into equity (typically during a future financing round). Essentially, it’s a loan made to a startup by an investor, with the expectation that the loan will convert into shares of the company’s stock at a later date. This instrument …
Convertible notes are a tool for early-stage fundraising Read More »
When it comes to employee compensation, companies can offer more than wages and salaries. One of the most popular choices is granting employees equity, giving them a sense of ownership and aligning their interests with the success of the business. For interested companies, one of the best ways to accomplish that goal is through a …
Understanding Stock Incentive Plans and Rule 701 Read More »
Whether a creator has designed an immersive tabletop game, written a page turning novel, or developed an innovative video game – receiving interest from others in turning their creative work (Property) into a television show or movie is an exciting prospect. But the terminology of Option Agreements, Shopping Agreements, Attachment Agreements and more can be …
In just a few days, on October 1, 2024, Maryland’s new Kid’s Code (also known as the Maryland Age-Appropriate Design Act) will go into effect. What is the Maryland Kid’s Code? The Maryland Kid’s Code, signed into law this past May, draws inspiration from the UK and California Age Appropriate Design Codes and aims to …
Maryland’s Kid’s Code: Preparing for the October 1, 2024 Deadline Read More »
What is a SAFE? An equity instrument that usually comes in one of three types: Discount, Valuation Cap, Most Favord Nation (MFN). Read More>>
Firm challenges US Patent and Trademark Office’s privacy-compromising requirement for domicile addresses FOR IMMEDIATE RELEASE Raleigh, NC – 16 July 2024 –Odin Law and Media (OLM), a leading firm specializing in digital media and game development law, is proud to announce its representation of the International Game Developers Association (IGDA) and CodeMiko in filing an amicus brief …
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 »