Deferred fee arrangements for eligible founders and startups

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Acceleration Clause

Acceleration clause triggered on liquidation event

Vesting founders’ stock is not a one size fits all solution for entrepreneurs in Idaho and California (see previous post for details about vesting founders stock). Founder’s must also consider something called “acceleration”. Acceleration allows the founder to get extra vesting in some situations; usually upon termination, departure from the company, or change of control. …

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Force Majeure Clauses in a pandemic: which contracts can be breached due to COVID-19.

The outbreak of the novel coronavirus, which causes the disease COVID-19, has had significant impacts on companies and their commercial transactions resulting in disrupted supply chains, delaying supplies to companies and in some cases the performance obligations. As a result, many businesses may be wondering if they can be excused from their contractual obligations due …

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Does your business insurance cover Coronavirus (COVID-19) related losses?

Most commercial entities carry a variety of different insurance policies that may help mitigate their financial losses related to the 2019 novel coronavirus disease. In Idaho, last week’s Stay-home (Shelter-in-place) Order have forced most businesses to close their doors. Retail, restaurants, hospitality, and many white-color businesses now can only do business remotely or offer limited …

Does your business insurance cover Coronavirus (COVID-19) related losses? Read More »