A startup has a signed term sheet, an eager lead investor and a closing date three weeks out. Then investor’s counsel sends the diligence request list. Near the top is a request for signed invention assignment agreements from every founder, employee and contractor who has ever touched the product.
Who Owns the Code? Closing IP and Founder Equity Gaps Before Venture Diligence Finds Them
This article walks through where intellectual property ownership gaps come from, how they surface in diligence and why they are so often tied to the way founder equity is structured.
By
Chris Sloan
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