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 »
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 …
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 »
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 …