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Legal Blunders Commonly Made by New Business Owners

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Some of the trickiest and most foreign are legal because the legal world is unfamiliar and ever changing. What are some of the impactful legal mistakes founders make, what are the implications, and how can they avoid them or mitigate risk? For example, a founder might promise early employees equity in percentages without clarifying what vesting terms apply or what type of stock will be issued. Founders or early employees frequently claim that promises were made orally or by email. Founders or early employees frequently claim that promises were made orally or by email.