Philadelphia Contract Lawyers
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Legal Services Offered by Our On-Demand Philadelphia Contract Attorneys
The Philadelphia contract attorneys & lawyers on UpCounsel are dedicated to helping businesses save time, money, and peace of mind with contract drafting and review, negotiations, litigation support, discovery, commercial business transactions, and more.
Our independent contract attorneys are available on-demand to provide contract legal services for businesses or to support your in-house general counsel to help lighten the load for transactional matters or litigation support.
Although the work of the Philadelphia contract attorneys found on UpCounsel often varies they are highly experienced in legal contract activities such as commercial contract negotiations, document review in response to document subpoenas, request for production of documents, legal research, draft legal briefs, along with providing a full range of other contract legal services to businesses of any size.
Improve Your Legal ROI with Affordable Contract Attorneys that service Philadelphia, PA.
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- 7 min read
What is a Trade Secret?
A trade secret is any information about a business that could give a competitive advantage to another person or business. It is something that is not generally known or easily obtainable by others which can include confidential manufacturing, industrial, or commercial information.
A trade secret can also be described as valuable and exclusive knowledge that created by the work of a person or a company that has an economic interest in keeping it. This is usually because the owner gains a competitive advantage in the marketplace as a result of the trade secret.
A trade secret is defined very broadly and can include any of the following:
- commercial methods, such as distribution or sales methods
- advertising strategies
- lists of suppliers or clients,
- 3 min read
Establishing a business in Pennsylvania is a multi-step process. If you follow these guidelines, you will avoid fines, penalties, and other legal and tax problems down the road.
Be sure to start with a business plan and formalize your ideas. Simple research and planning can go a long way toward a successful business. Although you do not technically need a business plan, it can help you plan and develop your business in the future. It can also help you secure financing as well.
Choose and Reserve a Name for Your Company
Search Pennsylvania's database of businesses that have already registered their names. Choose and register a name for your business with the Pennsylvania Department of State. The Department prohibits two companies from having similar names, so have a few names in mind in case one is already in use. The D
- 5 min read
What Is a Down Round?
A "down round" is a round of financing where investors pay less for the company's stock than the previous investors. If it happens to your company, it doesn't mean the end times are coming, but it is a major wake-up call and a sign that something needs to change.
The companies that can go through down rounds are startups and other private businesses that don't trade stocks on a public exchange. With no public trading, they sell stock in rounds to private investors. Since a stock exchange can't set the company's value, the company and the investors have to work out their value instead. And when this sets the company's value to lower than it was before, it creates a down round.
Why Is a Down Round Important?
In an ideal world, every round brings in more money, since the business is always growing and expanding. However, sometimes a business can't grow. Other times, investors overval
- 4 min read
Form S-1: What Is It?
Form S-1 is the initial registration form for companies that plan to take their company public. It's used to register their securities with the U.S. Securities and Exchange Commission (SEC). This form is required for all securities that meet the criteria set out by the SEC before the company can list shares on the national exchange.
When business owners take a company public, they must register any securities associated with that company in order to be added to the stock exchange. Securities, or financial instruments, provide people with a form of ownership over a company. These include such things as options, bonds, notes, debentures, and warrants.
Form S-1 is what companies use to register these financial instruments with SEC. If things change after filing and S-1 form or changes are needed in response to comments back from the SEC, an amendment to the form
- 3 min read
Fully Diluted: What Is It?
Fully diluted shares are the total number of outstanding shares there would be if all convertible securities were converted to common stock. Fully diluted is one way of measuring how many shares a company has. It helps investors determine the value of the company. Common stock are the shares held by employees, managers, and shareholders who have voting rights in a company.
Fully diluted shares take many things into account. Preferred stock, for instance, is held by individuals who receive their dividends before everyone else. These people do not, however, have voting rights. However, if they have convertible preferred stock, they can turn it into common stock.
There are other convertible securities, as well. Stock options allow i