Why it is crucial to retain an experienced employment attorney such as Andrew Bosin to assess and explain your legal rights to you? If you decide not to negotiate your severance package and simply sign whatever document the employer places in front of you, you will likely be asking yourself the … [Read more...]
Tech Startup Lawyer for SaaS & Software Entrepreneurs
Tech Startup Lawyer for SaaS & Software Entrepreneurs Andrew S Bosin LLC represents co-founders of early stage seed startup companies. Located in New Jersey right outside of New York City Andrew provides experienced legal advice to clients in all fifty states.
Andrew helps clients with incorporation, choosing the best business corporate legal structure whether a Delaware Corporation or LLC, issuing founders' stock, drafting investor agreements, SAFE's and Promissory Notes, explaining VC term sheets, drafting Non-Disclosure Agreements (NDA's), drafting contracts and licensing agreements for the use of SaaS, Software, Technology, App, Blockchain and Cloud products, applications, services, solutions and platforms on a global basis.
Whether your a SaaS, software or cloud vendor, provider, startup, reseller, developer, customer, end-user, licensee or enterprise company Andrew can help you with all of your legal needs. More than 100 emerging startup companies and entrepreneurs from across the United States and Europe have retained Andrew to be their dedicated part-time outside general counsel for assisting clients with developing and monetizing SaaS, cloud and software solutions, applications, products, services, platforms, internet connected devices, big data and managed IT solutions.
What separates Andrew from other lawyers is that at the same time he has been practicing law Andrew also started, built, and grew a SaaS software company with partners which such company in 2017 was awarded a patent for recording video into HTML by the US patent office. Andrew's unique skill set of being both an entrepreneur and SaaS Lawyer enables him to jump right into a startup and provide legal advice whether its for helping to structure founders' equity or negotiating the startup's first enterprise SaaS agreement. And, because Andrew offers low cost flat rate fixed legal fees packages your work gets done in an affordable and timely manner. Andrew believes that every client should know to the penny what they are being charged. Innovation lives in his law firm.
Andrew takes great pride in offering big law firm services for small law firm fees. Not many lawyers such as Andrew encourage their clients to call, text or email him on his cell phone before, during and after working hours and on weekends. Andrew also typically returns all client communications within 15-30 minutes.
One of the biggest things that Andrew helps early stage startups do is to incorporate in Delaware and issue stock to the co-founders. Andrew makes sure that his clients get this part of the startup process done correctly. Andrew advises his clients that the biggest mistake that they could make is to issue all of the equity in the first round to the founders leaving no stock in the company for key hires and future investors.
Draining the company of all of its stock by issuing it to the founders right after incorporation could sink a startup for many reasons. No investor is going to give a startup any money if all of the stock is essentially gone and there is immediate dilution because the startup has to authorize additional stock to be issued to the investor. And, because the founders have vested 100% in their stock there is nothing to keep them from leaving the company at any time with all of their stock. So let's say your're an investor and one of the founders is the software developer and because of his or her skill set the startup saves 100k the first year. Why would you invest one dime in this company if the most important co-founder can pick up and quit the company anytime they want? The problem is that sometimes startup founders get caught up in the fantasy of making money and drink their own kool aid and dilute the company of all of its issued stock.
Andrew also counsels startups on the importance of building a solid corporate legal base. One of the things that startups should do immediately is to purchase general liability and errors and omissions insurance to protect the assets of the company from lawsuits form customers and third parties. If a software startup intends to market its products to enterprise companies it will absolutely not get any signed contracts without first purchasing sufficient coverage amounts for both general liability and errors and omissions.
Andrew also provides advice to startups about getting their financial house in order. The significance of this grows as startups start to get serious about raising money from investors. One of the first things any startup should do is to create a financial budget which should track all monthly costs, expenses, capital expenditures and revenues. This budget should project out monthly and quarterly over a two year period. If you do sit down with an investor they are going to want to know financially how you believe you are going to grow and what costs and expenses will be incurred and affect the bottom line. You can be sure that any investor will also ask you how their investment monies or "use of proceeds" will be allocated.
Andrew represents startups, founders, emerging growth companies and entrepreneurs engaged in the following:
- NDA's (Non-Disclosure Agreements)
- Delaware Incorporation, Drafting By-Laws, Founders Stock Agreements, negotiating Investor Agreements and Term Sheets
- Intellectual Property Assignment and Licensing Agreements
- SaaS platforms, solutions, services and applications
- Cloud computing services, applications and solutions
- Cloud Reseller/White Label Private Agreements
- Big data and cloud storage
- Cybersecurity and data protection
- SaaS Healthcare Software Solutions for billing and coding
- SaaS Solutions for gaming
- SaaS employee talent management solutions
- SaaS customer relationship management solutions
- Mobile app development
- Software app development
- Software Licensing
- Healthcare Blockchain solutions
- Internet Connected Devices | Internet of Things (iOT)
- Real Estate SaaS Solutions
- Automotive Leads SaaS Solutions
- Technology Transactions and Licensing
- Purchase and sale of internet and website businesses. Andrew works with mobile app, SaaS, software, technology and cloud startups located in Los Angeles, San Francisco, California, New York, New York City, Brooklyn, Chicago, Boston, Connecticut, San Jose, San Diego, Silicon Valley, Austin, Dallas, Fort Worth, Houston, San Antonio, Texas, Maryland, Columbus, Cleveland, Ohio, Denver, Boulder, Salt Lake City, Indianapolis, Raleigh, Charlotte, Nashville, Phoenix, St. Louis, Kansas City, Miami, Tampa, Jacksonville, Orlando, Florida, Atlanta, Seattle, Philadelphia, Delaware, Memphis, Washington DC.
Effective IP transaction and agreement counsel requires a skilled blend of technological, legal, strategic and business savvy. And Software IP Attorney Andrew S Bosin LLC brings it all together with sophisticated, cutting edge legal advice to get the job done.
Andrew routinely assists clients in a wide variety of transactions, including technology transfers and transactions. Andrew has vast experience in licensing cutting-edge technology, software and SaaS solutions, products, services and applications.
Andrew’s clients come from a variety of fields with intellectual property concerns, related to computer software, hardware, real estate, mobile apps, big data, analytics and numerous other industries and verticals.
Andrew understands the investment his clients have made in their intellectual property and organizations and additionally, the types of abuses by competitors and former employees who have stolen trade secrets and business processes. When dealing with IP issues, Andrew works hand in hand with his clients to pursue compensation for damages.
Andrew works strategically with clients to protect their IP rights, negotiate settlement or license agreements, ensure compliance with quality control provisions and enforce licensed IP rights.
Andrew has experience in all areas of IP transactions and licensing, including:
One of the areas that Andrew helps clients with is protecting their intellectual property when they contract with enterprise companies and create customized, derivative versions of their software product or application.
When SaaS vendors contract with smaller companies they typically don't develop or create derivative versions of their software for these types of customers to use. This is because smaller, non-enterprise type customers don't have the financial resources to pay SaaS vendors to create customized versions of their software. And, smaller companies might not have the need to have changes made to the software by the vendor.
This is not the situation with enterprise companies. They typically want and request SaaS vendors to make customized developmental changes to their software to either fit with their platform or align with certain strategies.
This presents both good and bad problems for SaaS vendors. If the vendor is cash strapped they are going to want the enterprise customer to sign the agreement as soon as possible so they can start to generate revenues quickly. What could happen is that the vendor in its haste to get the deal done quickly doesn't take the proper amount of time to negotiate an agreement which has language in it saying that the vendor owns all of the intellectual property for all versions of its software. The agreement needs to be very clear so that the enterprise customer understands that its access to all versions of the vendor's software ceases when the agreement ends or is terminated.
Please call Andrew for a free consultation at 201-446-9643.