A legal blog on private funds, startups, and venture capital.
A legal blog on private funds, startups, and venture capital.

Venture Capital Term Sheet Negotiation — Part 1: Introductory Remarks
This post is the first in a series giving practical advice to startups on understanding and negotiating a venture capital term sheet. One of the most significant events in a startup company’s life cycle is raising its first round of…
Selling Your Business — Practical Tips for Sellers — Part 13: Recap and Concluding Thoughts
This is the final part of our series discussing the sale of a business from the seller’s perspective. We’ve covered commencement of a potential deal through the closing and discussed certain post-closing items (primarily indemnification). To wrap up, we’ll recap…
Selling Your Business — Practical Tips for Sellers — Part 12: Ancillary Agreements – Noncompetition Agreements and Employment/Consulting Agreements
This is part 12 of our series discussing the sale of a business from the seller’s perspective. Previously, we covered the commencement of a potential deal through the closing and post-closing indemnification terms. In this post, I will discuss some…
Selling Your Business — Practical Tips for Sellers — Part 11: Indemnification (Part Two)
This post was jointly written by Casey W. Riggs and Jennifer Wilson. This is part 11 of our series discussing the sale of a business from the seller’s perspective. We’ve covered commencement of a potential deal through the closing and are…
Selling Your Business — Practical Tips for Sellers — Part 10: Indemnification (Part One)
This post was jointly written by Casey W. Riggs and Jennifer Wilson. This is part 10 of our series discussing the sale of a business from the seller’s perspective. We’ve covered commencement of a potential deal through the closing and now…
Working Effectively with Your Lawyer: Five Tips to Effectively Engage and Use Legal Counsel
Like it or not, most business owners will require legal counsel from time to time. In most circumstances, using legal counsel will be in the context of a transaction, like raising capital, buying a competitor, or bringing in a key…
Selling Your Business – Practical Tips for Sellers – Part 9: The Closing
This is part nine of our series discussing the sale of a business from the seller’s perspective. We’ve covered deal structure issues, seller financing, earn-outs, letters of intent, due diligence, and the first three sections of the purchase agreement dealing with…
Selling Your Business – Practical Tips for Sellers – Part 8: Pre-Closing Covenants and Conditions
This is part eight of our series discussing the sale of a business from the seller’s perspective. We’ve covered deal structure issues, seller financing, earn-outs, letters of intent, due diligence, and the first two sections of the purchase agreement dealing with…
Selling Your Business – Practical Tips for Sellers – Part 7: Representations, Warranties, and Disclosure Schedules
This is part seven of our series discussing the sale of a business from the seller’s perspective. We’ve covered deal structure issues, seller financing, earn-outs, letters of intent, due diligence, and the first section of the purchase agreement dealing with…