Remove contract-traps
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ConTraps Part II – Contract Traps Entrepreneurs Should Avoid At All Costs

InfoChachkie

In many cases, agreements crafted by BDC lawyers resemble ConTraps rather than mutually beneficial contracts. This series describes how entrepreneurs can craft company-changing agreements with BDCs, while avoiding Kiss of Death contract provisions. Part III addresses these contract traps: World-wide Distribution.

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ConTraps Part II – Contract Traps Entrepreneurs Should Avoid At All Costs

InfoChachkie

In many cases, agreements crafted by BDC lawyers resemble ConTraps rather than mutually beneficial contracts. This series describes how entrepreneurs can craft company-changing agreements with BDCs, while avoiding Kiss of Death contract provisions. Part III addresses these contract traps: World-wide Distribution.

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ConTraps Part IV – Avoid Exclusion From Future Revenue Opportunities

InfoChachkie

As noted in Contract Traps Entrepreneurs Should Avoid , exclusivity can kill a small company. Being the first partner may also allow the BDC to influence your technological development and conform it more closely matches its technology roadmap. At first blush, the BDC will likely tell you that they compete “with everyone.”

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Most Common Early Start-up Mistakes

Both Sides of the Table

Here are some lessons to avoid common traps. Would you want to run the risk that your former employer could have a claim against the intellectual property you’ve created because you broke company policies and developed your ideas on company resources? These periods of time can leave a founder very vulnerable in the future.

Startup 365