One of the most widely circulated documents in commerce today is the non-disclosure agreement (NDA). As former in-house counselors, our attorneys reviewed dozens of NDAs every week. As we work with more startups and small businesses, we notice extremely divergent views regarding the use of NDAs. Some companies love the idea of using an NDA, some find no use for it, while others are against it, entirely.
When you decide to launch your startup near NYC, your attention is focused on creating the perfect product, hiring the best employees, and finding office space in just the right location. Legal issues are the last thing on your mind, but without proper attention, these can lead to costly litigation later. These are some of the worst legal mistakes startups make in New York and how you can avoid them.
When you found a startup, you have a lot on your mind at the beginning — hiring the right employees, attracting customers, choosing an office space — and you may not think about how your intellectual property (IP) affects your ability to do business. IP, however, is your startup’s most valuable asset, and as a startup founder, you need to be mindful of how it is used and who can claim ownership of it.