Tag: legal

How can I look up legal codes myself?

QUESTION:

As a startup, we try hard to minimize our lawyer’s time to save money.  We usually spend time reviewing the legal docs in advance, so we don’t have to ask too many  questions.  My problem is when I come across a phrase like: “pursuant to section 141(f) of the Delaware General Corporation Law”.   Where can I find out what this is about?

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Is there a way to contract out of corporate law?

QUESTION:

One of our founders asked, “During a negotiation, when I said I do not want to be responsible for any liability that I’m not aware of, I was told by a lawyer from the other side of the table that I cannot contract out of corporate law and I must bear the burden no matter what.  But don’t companies often sign indemnification agreements with their officers and directors, promising to protect them from any liabilities?”

ANSWER: Read More...

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