The business legal framework guides the working of any business entity within a set of rules, guidelines, rules of conduct and regulation. An organization which fails to follow the policies would have to face problems. Legal challenges remain as one of the reasons for the failure of so many firms. To set up a framework legally, define the intellectual property rights. This ensures the product rights within you even if you disclose the idea to someone else. The person who can define this can be the CEO or CTO. Registering the Patents and Trademarks is very important. Draft a co-founder equity agreement to avoid later collisions and losses in future for the partners. While you grow with your company, know the legal complications that come your way. A great idea alone can't do anything with investors. Your due diligence is checked and compliance in regulatory areas as you operate will be accessed by investors before investing. More details can be obtained from the PowerPoint presentation.

Saket Kumar

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