Commercial Transactions

DIY Law: Beware of the Legal Template

Many companies use contract templates in their day-to-day operations. When drafted properly and tied to the appropriate use case, templates can be a tremendous time and money saving resource. As outside general counsel to companies of all sizes, the review of existing contract templates comes up quite often. Some clients are looking for an upgrade, while others may be seeking a quick, validating green light or help with a contract negotiation utilizing a template as the foundation. Unfortunately, many templates do not accomplish the intended purpose, or worse. 

Under the Corporate Transparency Act, Companies Face New Requirements in 2024

In the ever-evolving landscape of financial regulation and corporate transparency, the Corporate Transparency Act (CTA) has emerged as a pivotal piece of legislation. Enacted in 2021 as part of the National Defense Authorization Act, the CTA will require most new and existing legal entities operating in the United States to file reports with the federal government regarding their beneficial owners. The CTA goes into effect on January 1, 2024, and its key provisions are described below.

Why D&O Coverage is Important

Like many legal issues, D&O coverage is often the last thing on the mind of a start-up founder. Nevertheless, addressing early on whether your company needs D&O coverage will likely pay large dividends down the road, while also protecting your hard-earned investment in the near-term. It’s just one more area where every start-up could use the help of a good, experienced general counsel. If you have questions about D&O insurance or would like to discuss risk mitigation strategies for your company, please contact Robert Gans at rgans@scalefirm.com.