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Legal & HR templates
What are the Legal challenges for a starting business?
As a startup founder setting up a new company or trying to raise funds, you will be aware that there are numerous legal documents that must be filled out and signed to formalize and legalize the various processes. As if it wasn’t difficult enough!
Here, we have gathered a collection of the legal templates you will need to streamline these processes, speeding up time for you and your investors, and saving some money in costly legal fees. You will still need to consult a lawyer for solid advice, but these templates should speed things up a bit. As well as this they should provide a beginner entrepreneur with a deeper understanding of the key terms and phrases used in the startup legal world. Learn from those that have gone before and made those all too common mistakes. Forbes have actually listed 10 Big Legal Mistakes made by startups. We’re here to make sure you avoid them:
- Ambiguity regarding the deals being made between co-founders
->To avoid future disputes, all co-founders must be crystal clear on
-who gets what percentage of the business?
- -% ownership subject to vesting?
- -can a co-founder buy another founder’s shares if one leaves?
- -co-founders time commitments?
- -founders salaries?
- -founder contributions?
- -selling the business?
- -if a founder isn’t living up to expectations?
- -overall vision?
Not starting the business as an LLC or Corporation
Not having a standard form contract that favors your company
Forgetting about securities laws when it comes to issuing stocks to family and friends
Leaving out employment documentation
Not giving enough thought to IP Protection
- -Confidentiality Agreements
- Forgetting to study carefully important tax issues
- Picking a name for the company that has issues surrounding trademarks, domains etc
- Not having solid legal counsel
If you have thought of all of these- great! You’re more clued-in than most. If not, take advantage of Eloquens to read up and grab documents you might need to ensure that your startup will be legally sound.
If you’d like to know more on Business Law, have a look at these links:
- An 11 page Model Template Code of Business Ethics and Corporate Conduct for your company.67 remove_red_eye$49.00by Mark Speck, CIA, CRMA
Internal Audit Policy ManualInternal Audit Policy Template with accompanying Procedure Manual50 remove_red_eye$39.00by Mark Speck, CIA, CRMA
Shareholder Agreement TemplateA 35-page template to detail the terms and conditions of the shareholder relationship within a business57 remove_red_eyefreeby SKJ Juris
Mutual Non-Disclosure & Non-Circumvention AgreementA comprehensive and instructive template to protect confidential information within your business104 remove_red_eye
Manufacturing & Distribution Licence Agreement TemplateA ready-made, instructive license agreement that is specifically for manufacturing and distribution.194 remove_red_eye
Stock Transfer Form TemplateA pre-made, ready to fill in template that is used to transfer shares to a new shareholder from an existing shareholder88 remove_red_eye
Share Certificate TemplateA pre-made certificate used when shares are either transferred or issued to a new shareholder for UK Ltd companies158 remove_red_eye
Seed Enterprise Investment Scheme (SEIS) Model Term SheetA user friendly term sheet that is tailored for raising equity investments that qualify for tax relief82 remove_red_eye
Asset Purchase Agreement TemplateA template to help you detail the terms and conditions relating to a sale and purchase of assets in a company.55 remove_red_eye
Digital Marketing Agency Terms and Conditions TemplateA terms and conditions template tailored for digital marketing agencies.158 remove_red_eye
Cease and Desist Letter Before Action TemplateThis template is a basic outline of a cease and desist letter in terms of online defamation.58 remove_red_eye
Non-Circumvention Clause TemplateThis non-circumvention template is one that is sometimes part of a confidentiality agreement.64 remove_red_eye
Internship Agreement TemplateThis template provides a basic outline of an internship agreement, suitable for startups and small businesses.74 remove_red_eye
Finance Introduction Agreement TemplateA template for an agreement that covers the sourcing and introduction of any form of finance on a commission-only basis.32 remove_red_eye
Celebrity Personal Appearance Agreement TemplateThis is a template for an agreement between celebrity (or entity) and company for appearances at events.215 remove_red_eye
Celebrity Endorsement Agreement TemplateAgreement template for celebrity/company collaboration for endorsement of the company's product.340 remove_red_eye
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