For companies with employees in California, it has long been accepted practice that noncompeteprovisions in employment agreements are unenforceable. California courts have ruled that suchprovisions are invalid under California’s general prohibition against restraints of trade (Ca. Bus. andProf. Code Sec. 16600). California has now adopted a law that codifies this general understanding andgoes two steps […]
Equity financing is a pivotal stage for startups seeking to scale operations and gain market traction. Understanding the terms that venture capital investor will request in connection with an equity investment, typically first encountered within a term sheet, is crucial for entrepreneurs to make informed decisions and protect their interests. The National Venture Capital Association […]
Limited liability companies have become an increasingly common form of business organization, primarily because of ease of management. They are also easy to form: most states do not even require a written operating agreement. Many entrepreneurs may find that they are just too busy to hash out an operating agreement – or are tempted to […]
In an era defined by rapid digital transformation and ever-evolving cyber threats, safeguarding sensitive data, and responding effectively to cyberattacks have become critical priorities for businesses of all sizes. Gesmer Updegrove, a premier law firm for technology companies and rapidly growing businesses, recognizes the importance of cybersecurity and data breach response strategies in today’s business […]
For founders embarking on their new journey, navigating the legal landscape can be a daunting task. Having the right legal counsel can make a significant difference in the success and sustainability of the venture. Here are some key considerations that startups should keep in mind when hiring an attorney. Key Considerations When Hiring An Attorney […]
Why Conduct a Privacy Assessment? In today’s digital age, where personal data (also called personally identifiable information, is generally any information that relates to an identified or identifiable living individual) traverses global networks in milliseconds, privacy has emerged as a cornerstone of consumer trust and legal compliance. Conducting a privacy assessment is not merely an […]
Artificial intelligence (AI) has become an increasingly important tool for businesses in recent years. In fact, a 2023 OnePoll study notes that 64% of U.S. business owners anticipate that AI will improve customer relationships and increase productivity, and 60% expect AI to drive sales growth. Companies are now using AI to automate tasks, analyze data, […]
As part of discussions about a possible financing or acquisition transaction, the parties will normally want to “perform due diligence.” This refers to the investigation of a company’s assets, liabilities, and business operations so that a prospective investor or acquiror has a better understanding of the potential advantages and disadvantages of the transaction. From the […]
The cannabis industry has gained such broad acceptance over recent years that it’s hard to remember that recreational cannabis was not legal in any US state until 2012, when ballot measures were approved in Colorado and Washington. Today, recreational cannabis is legal in 23 states and medical cannabis is legal in 38. The cannabis M&A […]
We are living through another technological revolution with generative artificial intelligence (GAI) programs like OpenAI’s ChatGPT, Google’s Bard, and Microsoft’s Bing Chat (powered by GPT-4) at the center. In moments like these, early-stage entrepreneurs should be extremely cognizant of the value and pitfalls of these kinds of technologies. While there are GAI related products and […]
Network Coverage Managed IT Services was created with the goal of merging expert technology solutions with real business strategy. We wanted to help organizations find solutions that supported business strategy in effective, accessible, and pragmatic ways to optimize company performance while solving real business challenges.
In an ideal world, a startup (or, for that matter, any company, public or private) that needs to raise multiple rounds of capital as it matures and scales does so with increasingly higher valuations for each respective financing round. Unfortunately, that is not always the case. As we enter 2023, there are several forces chilling […]
Now you just need to negotiate, structure and close on the sale of your business. Below are some tips to help you to minimize the risks and maximize the rewards of your M&A transaction:
Leading Global Law Firm Network, Mackrell International in Chambers Guide, a premier legal industry directory, for 11th Year Running. The Chambers Global Guide ranks the top lawyers, law firms and law firm networks in more than 190 countries across the world. Rankings are based on an in-depth review by a dedicated and experienced team of […]
Congratulations! You turned what once were only dreams into a thriving business venture. It took more effort than you ever imagined, yet you have created a valuable company that others are willing to pay a premium to acquire. Now you just need to negotiate, structure and close on the sale of your business. Below are some tips to help you to minimize the risks and maximize the rewards of your M&A transaction: