
The Top 3 Legal Mistakes Entrepreneurs Make and How to Avoid Them
Jennifer Berrent, a partner at the New York office of legal firm WilmerHale, says the three most common mistakes ‘treps make in the early stages are failing to adequately protect their intellectual property (IP), not formalizing the equity arrangements among founders and inaction or haste in choosing the right structure for their business. Berrent held court on how to avoid common pitfalls. How can entrepreneurs protect their IP early on? Before you form an entity, people are chatting; they might be at their current job, maybe they spend a couple of hours collaborating. And there’s a question when you are going to develop a business around that: Who owns that
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