...After you spend 20 minutes "creating an account", getting the verification email, following the link, then logging in. At least they let you see the docs in a flash viewer in advance. So you need flash installed to preview it, an (throwaway) email account to DL it, and an office app to open it. This is so much easier than just presenting the text in HTML?
Perhaps worth it in this case, but I've come to loathe this kind of hoop jumping in principle.
You rang? These are the incorporation-related docs used by over 25 of the companies that graduated from TheFunded Founder Institute. The Certificate of Incorporation creating the Class F common stock and the restricted stock purchase agreement were previously made available a few months ago. Adeo simply posted the rest of the docs that we were using.
Hmm... there's an interesting disclaimer at the end of the document. It's "for informational purposes only and does not constitute... legal advice."
This sample Memorandum of Terms has been prepared by Wilson Sonsini Goodrich & Rosati for informational purposes only and does not constitute advertising, a solicitation, or legal advice. Neither the transmission of this sample Memorandum of Terms nor the transmission of any information contained in this website is intended to create, and receipt hereof or thereof does not constitute formation of, an attorney-client relationship. Internet subscribers and online readers should not rely upon this sample Memorandum of Terms or the information contained in this website for any purpose without seeking legal advice from a licensed attorney in the reader’s state.
The information contained in this website is provided only as general information and may or may not reflect the most current legal developments; accordingly, information on this website is not promised or guaranteed to be correct or complete. Wilson Sonsini Goodrich & Rosati expressly disclaims all liability in respect to actions taken or not taken based on any or all the contents of this website. Further, Wilson Sonsini Goodrich & Rosati does not necessarily endorse, and is not responsible for, any third-party content that may be accessed through this website.
I am guessing that ending it with "We are not your lawyers and have no obligation to provide you with advice tailored to your specific circumstances, the laws of your state may differ from those of California; if you are too dumb to figure this out you have no business founding a company." would probably not pass muster with a court :)
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[ 4.9 ms ] story [ 61.5 ms ] threadEDIT: I hope Yokum comes in and explains Adeo's thought processes here and if WSGR will use these docs for new company formation.
...After you spend 20 minutes "creating an account", getting the verification email, following the link, then logging in. At least they let you see the docs in a flash viewer in advance. So you need flash installed to preview it, an (throwaway) email account to DL it, and an office app to open it. This is so much easier than just presenting the text in HTML?
Perhaps worth it in this case, but I've come to loathe this kind of hoop jumping in principle.
This sample Memorandum of Terms has been prepared by Wilson Sonsini Goodrich & Rosati for informational purposes only and does not constitute advertising, a solicitation, or legal advice. Neither the transmission of this sample Memorandum of Terms nor the transmission of any information contained in this website is intended to create, and receipt hereof or thereof does not constitute formation of, an attorney-client relationship. Internet subscribers and online readers should not rely upon this sample Memorandum of Terms or the information contained in this website for any purpose without seeking legal advice from a licensed attorney in the reader’s state.
The information contained in this website is provided only as general information and may or may not reflect the most current legal developments; accordingly, information on this website is not promised or guaranteed to be correct or complete. Wilson Sonsini Goodrich & Rosati expressly disclaims all liability in respect to actions taken or not taken based on any or all the contents of this website. Further, Wilson Sonsini Goodrich & Rosati does not necessarily endorse, and is not responsible for, any third-party content that may be accessed through this website.