Archived
Can I define words differently than their general definitions and use them as such in a license agreement?
Gretchen's answer
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Answered on August 25, 2016
This is really a corporate transaction question. It's very typical to have a definitions section that states that for the purposes of the agreement...
Archived
What is the guidance when a customer wants you as the provider of a service to use their consulting agreement
Gretchen's answer
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Answered on August 25, 2016
Whether you want to use an agreement that isn't your standard agreement (where you are familiar with the terms) depends on the value of the...
Archived
What if the Articles of Incorporation mentioned nothing of shares except how many there are?
Gretchen's answer
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Answered on August 25, 2016
Generally, the articles just state the number unless you are dealing with convertible stock. Sounds like you have just common stock with all shares...
In California, can a private corporation use a P.O. Box as its address for "unofficial" filings like trademark applications?
Gretchen's answer
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Answered on July 08, 2016
The California Secretary of State, in particular, will require a street address on the Articles of Incorporation and annual reports. Other state...
Archived
Who is liable for a CA LLC's stock trading account: the managing member that signed for account, the LLC, or the owner?
Gretchen's answer
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Answered on June 17, 2016
Generally, the members of the LLC, including managing members, will not have personal liability. But, like a corporation, you need to be running...
Archived
What does it mean for corporation whose status is suspended to rescind the contract or seek rescission?.
Gretchen's answer
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Answered on June 16, 2016
A suspended California corporation may not access the court system as either a plaintiff or a defendant, if your question is in regards to a legal...
Archived
In our startup, we agreed to issue shares to the founders, but never signed share purchase agreements. Is this OK?
Gretchen's answer
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Answered on June 02, 2016
Your company is quite young, and this can all be corrected. Although a purchase agreement isn't technically required, it's also not a bad idea. It...
Archived
Do i need to close the California company to Incorporate same company in Delaware?
Gretchen's answer
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Answered on December 16, 2015
California has a statutory mechanism that would allow you to move the company to Delaware through a merger and the California entity would simply...
Archived
Investment insurance?
Gretchen's answer
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Answered on August 18, 2015
There really isn't insurance to cover this. Although there is such a thing as representations and warranties insurance, it usually only applies for...
Archived
Do distribution contracts require a certain amount of turns from first-time producers?
Gretchen's answer
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Answered on August 18, 2015
What kind of limits you put into your distribution agreements is something you have to really sit down and think about because it needs to be based...
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