San Jose Contract Lawyers
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Legal Services Offered by Our On-Demand San Jose Contract Attorneys
The San Jose 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 San Jose 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 San Jose, CA.
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- 4 min read
What is a Most Favored Nation Clause?
Most favored nation startups are new companies that have a most favored nation or MFN clause in agreements with investors. This clause keeps later investors from getting better terms than the first investors, and it's completely different from the clause that involves countries. Most favored nation clauses are terms in many convertible notes. Some clauses make sure all parties in a contract get equal terms. MFNs usually last until the next round of financing, also called an equity round, starts.
Convertible Notes: What Are They?
Convertible notes are loans from investors that convert into equity or stocks when the company reaches prenegotiated milestones. An MFN clause in a convertible note keeps another investor from getting more equity for a similar loan when the company is more successful.
- 7 min read
Debt Financing: What Is it?
Debt financing is when a company raises money by taking out a loan and then repays that loan over time with interest. This is also known as borrowing on credit. It can come from selling bonds, bills, or notes to lending institutions, or from private investors who are not looking to receive equity in your business.
It's good to be aware of the fact that banks often shy away from small businesses that are experiencing rapid sales growth, a temporary decline or a seasonal slump. They are not completely stable.
Debt Financing Versus Equity Financing
Debt financing is a loan that must be repaid, while equity financing is an investment of money in exchange for a stake in the company. The stake in the company is given through common shares.
When you receive money through equity financing, you are giving up a small pi
- 5 min read
What is Vesting?
Vesting is the process where an employee or founder earns shares over time. This means rather than having immediate equity in a company, you earn a percentage of shares on a monthly (or quarterly) basis over time. Vesting protects a company from giving up too much equity to someone who spends only a short time with the company.
Why Do Founders Need Vesting?
In most cases, if you apply for venture capital, you will be required to have a vesting schedule for your stock. The good newsis in nearly all cases, you get credit for "time" that you've invested into the company. For example, if you have been working on the concept and idea for your company for two years, a venture capitalist would credit your agreed-upon vesting schedule for those two years.
- 2 min read
Learn More about HIPAA Compliance for Businesses
Along with protecting workers from the exclusion of preexisting conditions, HIPAA also protects patients’ paper and electronically stored medical information through the Security Rule and Privacy Rule, which were implemented by the U.S. Department of Health and Human Services.
In order to be in compliance with HIPAA, each covered entity must ensure they are abiding by the Security Rule and Privacy Rule standards.
Security Rule - Safeguards and Compliance
The Security Rule, a HIPAA provision, was included to ensure the confidentiality, integrity, and availability of electronic patient health information (EPHI). There are three types of security safeguards necessary for compliance with the Security Rule: Administrative, Technical, and Physical. For each of these three types, there are security standards set fort
- 7 min read
LLCs and Corporations: What are They?
Corporations and limited liability companies (LLCs) are two legal entity structures available in the US. If you're involved in a startup, these are two of the entity structures you can choose from. They operate differently, and are taxed differently, but both provide protection for your personal assets if the company faces financial difficulty and both can add increased credibility with customers.
Other company entity options include forming as a partnership or a sole proprietorship, but these entities lack many of the benefits provided by LLC’s and corporations, including personal liability protection. To understand which of these entity structures is right for your startup, you need a basic understanding of each, and you need to consider what the future may hold for the business.
What is Incorporation?
Incorporation was the origi