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When Does A Startup Need A Lawyer?
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Have you begun building your B2B software sales pipeline and encountered customers seeking contract negotiations? Or you’re bringing on more employees and partnerships and you’re starting to wonder when does a startup need a lawyer? Should you hire in house or keep going with an external lawyer partner? Startups often have to deal with the…
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Do Sales Contracts Protect Startup’s IP?
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When you’re initially setting up sales contracts for your startup. One crucial question to consider is how sales contracts safeguard the startup’s IP. The protection of intellectual property (IP) is really the only thing that will create value for your startup over time. As you build your IP as an asset the important it is…
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What data should an NDA cover?
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Non-disclosure agreements (NDAs) and mutual non-disclosure agreements aim to safeguard your company’s most valuable asset – its intellectual property. In startup land this is most likely going to be the most important thing that your company owns. They set you up with some general protection to allow you freedom to share information about your company,…
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Best Practice: Legal Team In A Sales Pipeline
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Stacked pipeline, end of the quarter, shooting for that quarter over quarter growth rate. To keep climbing and a week out you’re reviewing the deals. In their final stages when you get a chorus of ‘it’s with legal’ from your sales team. What does that mean? What’s being prioritized? When will we get this back…
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What is personally identifiable data?
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When you’re building trust with your customer base. And creating contracts that protect the data that they upload to your platform one thing you’ll need to address is the issue of personally identifiable data. For a tech startup you’ll be aware that customers upload a lot of data on to your platform. You spend time…
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When Should I Use A Non-Solicitation Clause?
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If you’re building a business that depends on intellectual property or the power of community to scale then knowing when and how to implement a non-solicitation clause in your contracts will help you scale. These contract clauses will help protect what you’re building by ensuring that your competitors (or customers, for that matter) do not…
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What makes a good startup lawyer?
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Building a startup is an interesting task when it comes to working with a legal team. Generally you’re running a thin line between making your startup. Grow and taking on too much risk which will sink you. Knowing what makes a good startup lawyer will help you vet and bring on someone. Who will partner…
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The Importance of Effective Contract Management for Startups
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Effective contract management often gets overlooked or underestimated in its impact on the speed at which startups can build their ARR. However, neglecting this stage of the sales process can lead to a bunch of problems down the road. We’re going to have a look at the importance of efficient contract management practices. For startup…
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How do I speed up sales contract review?
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Building a sales pipeline and an effective sales team for your startup. Often relies on your ability to breakdown the steps of selling and optimize each and every one. This involves outlining each step, what it takes to engage a buyer in each step. And engaging them in an action to move them forwards to…
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