Seed Stage Legal Mistakes: How to Avoid Them

Legal mistakes made at seed stage are often discovered during the first due diligence. Intellectual property, shareholders’ agreement, BSPCE, articles of association: the concrete points to watch.
Investing in a French Start-up and Residing in France as a Foreign National: Residence Permits

A foreign national who invests or sets up a business in France may apply for several residence permits, depending on their situation.
Setting Up a Startup in France: the Key Pillars to Build On

Building a start-up on solid ground rests on several pillars: concept, profitability, organisation, communication and priorities.
How BSA-AIR Start-up Funding Works: A Suitable Tool for Growing Start-ups

The BSA-AIR combines a share subscription warrant and a rapid investment agreement, useful to start-up founders and investors alike.
Fundraising Legal Checklist in France: How to Prepare Your Round

Due diligence, term sheet, shareholders’ agreement, terms of issue: how to prepare a fundraising round legally, avoid deadlocks and prepare for closing.
Investor Clauses in the Shareholders’ Agreement When Raising Funds

In a fundraising round, the content of the shareholders’ agreement clauses matters as much as the split of the share capital.
Startup IP Protection in France: How to Protect Your Intangible Assets

Source code, database, trade mark, algorithm: how does a start-up protect its intellectual assets? Assignment of the founders’ rights, employee contracts, trade marks, databases.
When to Hire a Startup Lawyer: The Key Milestones

At what point should a start-up call on a lawyer? Incorporation, first contract, fundraising, strategic hiring, disputes between shareholders: the milestones not to miss.
NDA Before Fundraising: Can You Ask Investors to Sign One?

Investors often refuse to sign an NDA before reviewing a deal. Why? What can you do to protect your information in this context? The alternatives and useful precautions.
Startup Governance in France: What to Set Up from Day One

Articles of association, governance bodies, management powers, reserved matters, investor reporting: what a start-up must set up from incorporation to avoid later deadlocks.
Pre-emption Right (Right of First Refusal): a Safeguard for French Start-ups

The pre-emption clause gives a priority right to buy the shares of a shareholder who wishes to leave the start-up, ahead of any third party.