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 »
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 …
So the pandemic is still ongoing. It’s still affecting our everyday lives in so, so many ways. Our thoughts go to all of the people who have lost family members and friends over the past two years. Here are our thoughts and predictions on 2022 as the pandemic, yet again, continues to rage on in …
When bringing on new board members or officers, companies should make sure those individuals are aware of their responsibilities to the company. This includes their “fiduciary duties” to the company. Why do corporate board members and officers owe fiduciary duties, and which duties are owed? Shareholders are the owners of a company. The success of …
What is “exempt” depends both on federal and state law. The employee has to meet both federal and state exemptions to be exempt. In federal law, exempt employees are typically those employees who earn more than $684 per week and exercise sufficient discretion in at least half of their job tasks. This means someone like …
Who is considered an exempt employee in California? Read More »
There are many opinions on how Valve’s Steam Deck may benefit game developers, especially indie developers, but when we heard the announcement we were mostly concerned with one thing: how will Steam Deck affect publishing agreements moving forward? What is Steam Deck? Valve recently announced a new gaming handheld device called the Steam Deck that …
What is Steam Deck? How will publishing agreements be affected? Read More »
Non-disclosure agreements, as we talked about in a previous blog post, are important tools for any company that shares confidential information with third parties. Within a non-disclosure agreement (NDA), there can be different clauses about rights, relief and more. This post is meant to summarize some of the more “legalese” provisions that might appear in …
Non-disclosure agreements are important tools for any company that shares confidential information with third parties For some companies, this confidential information may represent some of its most competitive assets. For others, the protection may be for the benefit of protecting the personal information of clients or employees. Whether working on a consulting agreement, service agreement, …
The first sale doctrine, or the right of first sale or first sale rule, is a legal concept that enables an owner of a good embodying a copyrighted work to resell it and defines the limitations for the resale. When someone buys a video game or a book or a movie, it insinuates that they …