Guide for Start-ups
Looking to start your own business but lack legal guidance?
Considering many new partnerships and commercial relationships but lost as to what contracts and terms to agree to?
Our lawyers have a plethora of experience guiding start-ups in navigating their first dive into the legal landscape. We understand that agreements and contracts can be entirely alien to you, scary and intimidating. We are here to guide you and stand by your side through your business’ growth. Here are just a sample of the types of agreements we would be able to assist you with:
“Why sign an agreement? I trust my business partner(s) entirely.”
We have encountered numerous cases where, what once started as a trusted arrangement between business partners, have gone sour. A party comes to us wishing to claim against their former partners and contractors only to tell us that everything they had agreed upon was oral. Unfortunately for them, where an agreement is only oral, they end up having a tough time proving their case in Court.
A written agreement not only gets rid of such uncertainties and ensures that parties know what their obligations and rights.
The money they could have spent drafting a clear agreement to avoid a dispute later on then becomes spent on litigation is very expensive and unpredictable. Litigation is often times much more expensive than drafting a clear contract. Having a written agreement not only gets rid of such uncertainties and ensures that parties know what their obligations and rights are, but the process of drafting very often helps parties think of areas they have never thought of before.
For instance, in a shareholders’ agreement at a start-up’s very early stages, parties very often only think about how much their investors want to invest in exchange for what returns. They may not have thought about what rights the investor might or might not have with respect to management of the business of the company, or what may happen in the event new investors come on board and who should have a say on which new investors to bring in.
What happens to the original investor’s shares in that event? These and many more relevant but rarely discussed issues are what we can assist start-ups with.
Our Start-up Package
We offer affordable packages for start-ups, including free initial consultations and follow-up consultations. A package consisting of a simple service agreement with one of your contractors together with consultations for other aspects of your business can start from as low as $800, with optional add-on services and agreements you may request of us. We will be glad to be your advisors and counsel throughout your journey in your start-up and to be available for advice when you need it.