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With many legal and regulatory aspects to consider, starting a business can be a daunting process for first-time entrepreneurs. While it might be hard to believe, an early stage company can run into all sorts of legal issues before they even start to serve their first customers.
It is thus crucial that entrepreneurs set their startup up for success by equipping themselves with the right legal knowledge on issues most pertinent to startups: fundraising, intellectual property, and cybersecurity and data protection.
This primer identifies important legal issues that founders must address early on so that they could focus on what really matters – their startups.
Topics to be covered include: - Fundraising * Source of financing * Considerations at early stages of financing * Negotiating a shareholders' agreement - Intellectual Property (IP) * The importance of IP to startups * The main types of IP and their features * IP considerations in contracts with employees and service providers - Cybersecurity and data protection * General legal obligations and liability * Duty and liability of directors for cybersecurity and data protection
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