When Y Combinator startups make their first sales, we provide them with a sales model to make the legal part simple. In 2015, Y Combinator open bought its sales model for all startups. The sales model is specifically designed for software start-ups (SaaS) – that is, companies that charge for subscription cloud software. You should consider the YC model as a starting point and adapt it to your needs. YC focused on the areas most likely to vary from startup to startup based on its experience. . To the company`s knowledge (without conducting an investigation or search for specific patents), the company holds, holds or holds, on economically reasonable terms, sufficient legal rights on all patents, trademarks, service marks, trade names, copyrights, trade secrets, licenses (software or otherwise), information, processes and similar property rights (“intellectual property”) necessary for the business activity of the company in the current version, whose absence could reasonably have a significant negative effect. With the exception of agreements with its own employees or consultants, standard end-user licensing agreements, support/maintenance contracts and formal enterprise agreements, there are no pending ip options, licenses or agreements, and the entity is not bound by other person or entity`s ip options, licenses or agreements or participates in any party. The company has not received any written notification that the company has violated the intellectual property of another person or organization.
Respect for other instruments. The company does not violate an essential provision of its foundation certificate or statutes, as amended to date, nor, to the extent it is aware, materially, with respect to a provision or provision of a substantial debt, contract or agreement of which it is a party to a partisan party and which would have a material adverse effect. To the company`s knowledge, the company does not violate federal or regional laws, rules or regulations that apply to the business and whose violation would have a significant negative effect. The performance and delivery of the agreements by the company, the performance of their obligations by the company and the issuance of the shares and conversion shares do not lead to a substantial violation or substantial contradiction with the company`s certificate of constitution or statutes, or constitute a significant delay.