Legal Advisor! • 1y
1. It depends upon the SSA, SSHA, SHA, SAFE and alike agreements that are drafted. In a general sense, the agreements are drafted in favour of the investors and the exit clause of the agreement is made where it's the company’s responsibility to provide an exit to the investor within a prescribed time. 2. No, the founders do not face any legal action in such scenario. In the eyes of law, the company and the founders are different entities and founders cannot be held liable for such cases. There is a principle "Lifting of the Corporate Veil" which provides cases where founders can be held liable. The mentioned case does not fall in that.
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ADJUVA LEGAL® • 1m
Akshay Kumar Sues Paresh Rawal for ₹25 CRORE! 📜💥 The report about Akshay Kumar suing Paresh Rawal for a whopping ₹25 crore over an alleged midway exit from Hera Pheri 3 is a major headline. Allegations of "gross unprofessional conduct" and, cruc
See MoreUnfiltered and real ... • 1y
People think life on the founders side is green. But the reality is often disappointing. A bootstrap founder is in most cases working every day his ass off to keep up to the margins. A funded high growth startup knows deep down that it’s all a Fac
See MoreFounder - Burn Inves... • 1m
Govt Experts Review Rising COVID Cases in Singapore & Hong Kong A high-level review meeting was recently held, bringing together experts from key institutions including the NCDC, ICMR, Disaster Management Cell, Emergency Medical Relief, and major go
See MoreFinding my self 😶�... • 5m
🤷who owns zepto? -- Zepto's founders, Aadit Palicha and Kaivalya Vohra, collectively own approximately 18% of the company. Additionally, they have been granted an extra 1% stock for meeting performance goals, bringing their total ownership to arou
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