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What Is Fully-Diluted Capitalization?

Fully-diluted capitalization is one of those terms that gets used quite a bit in the startup and venture capital...

Aug 3 · 42 sec read >

Are Non-Solicitation/No-Hire Agreements Enforceable In California?

California has a strong public policy against agreements that prohibit employees from working for a competing company or starting...

Aug 2 · 3 min read >

GoodCents Preferred Stockholders Not Entitled to Liquidation Preference

The Delaware Court of Chancery recently held that a provision in the certification of incorporation of the target company...

Jul 19 · 2 min read >

What is a Seed Financing?

Startups will often go through several rounds of financing before they are able to generate enough revenue to finance...

When Can a Board Resignation be a Breach of Fiduciary Duties?

The board of directors has an important role in a company, acting as representatives for stockholders while making decisions...

Do Invitations To ‘Connect’ On LinkedIn Violate Non-Solicitation Agreements?

Employees often use personal accounts on social media websites like LinkedIn and Facebook to promote their work and share...

Jul 10 · 2 min read >

Delaware Supreme Court Upholds Decision Permitting Energy Transfer To Exit Williams Merger

The Delaware Supreme Court recently affirmed a lower court’s decision allowing Energy Transfer Equity to abandon a planned merger...

Delaware Corporate Law Amendments Would Be Another Step Forward For Blockchain

The Corporate Council of the Corporation Law Section of the Delaware State Bar Association last month released a set...

SEC Study Highlights “Troubling Characteristics” Of OTC Stock

The Division of Economic and Risk Analysis of the Securities and Exchange Commission recently published a study that looks...

Shareholders Rights To Annual Report Under California Law

Under California law, many corporations are required to provide shareholders with an annual financial report. This requirement applies not...

Jul 6 · 50 sec read >