Can My Startup Be Sued for Breach of Contract?” 🤔 | #StartupLitigation #LegalAdvice Starting your dream venture feels like soaring into the skies 🌟, but turbulence like breach of contract claims can knock on your door unexpectedly. A common question clients ask us: 💡 Q: Can a startup be sued for breach of contract if the contract wasn’t even in writing? #StartupContracts #BusinessLitigation #LegalFAQ The short answer is YES! 🛑 Even oral agreements or implied contracts can land your startup in hot water if they fulfill certain legal requirements like mutual consent, offer, acceptance, and consideration. 📜✨ 🔍 When Can an Oral Contract Be Binding? Performance Proof : Did you or the other party act based on the terms discussed? Actions can solidify a verbal agreement. Jurisdiction Rules : Some laws recognize verbal contracts unless they fall under the Statute of Frauds (e.g., real estate or agreements exceeding a year). Intent to Form a Contract : Even informal agreements like ...
Do I Really Need a Co-Founder Agreement? 🤝✨" Starting a business with your BFF or a like-minded professional? Sounds exciting, right? 🚀 But hold on, what happens if disagreements arise? Or worse, if your co-founder wants out? Enter the Co-Founder Agreement ! Let’s dive into why this is the startup world’s unsung hero. 💼✨ 💡 What is a Co-Founder Agreement? Think of it as a prenup for your startup! 📝 This document clearly outlines roles, responsibilities, equity split, decision-making powers, and exit strategies between co-founders. It’s your safety net against future chaos. 🌟 Top Keywords: Co-Founder Agreement, startup contracts, equity split, roles and responsibilities, legal clarity #StartUpIndia #LegalTips #BusinessContracts 🧐 Common Client Question “Isn’t trust enough? Do we really need a formal agreement? Isn’t it too early?” 👀 The answer is: Yes, you need one! Here’s why: 1️⃣ Role Clarity : It defines who does what—avoiding those awkward “But I thought you were han...