One of my favorite parts about being an attorney at Foundry is the firm’s acquisition practice. Whether we are representing the buyer or seller, acquisitions are an exciting, pivotal moment for our clients. However, acquisitions are also stressful for clients: a lot of money is involved and the “what if” and “what about” considerations are […]
Email from a startup whose founders have been working on the company’s product for months prior to incorporating: “Hey, Foundry: what are your thoughts on not including a vesting schedule for our founder shares?” At Foundry, we frequently receive questions like this, as the implications of vesting schedules for founder shares is a decision that […]
A non-solicitation clause is a common provision that employers incorporate into their employment agreements. The clause essentially tries to protect a company’s clients. Under Washington law, non-solicitation provisions are generally enforceable provided that they meet certain conditions. What is a Non-Solicitation Provision? A non-solicitation clause is often used in an employment contract between an employer […]
Email from a recently formed two founders start up: “Hey, Foundry, when you formed our corporation, I thought we had 10 million authorized shares. Why do we only have 4 million shares each and not 5 million if we are 50-50 owners?” At Foundry, we frequently receive questions like this. To start, it is standard […]