
What Is an Earnout (Really)? A Plain-English Guide for Founders Selling Their Business
Earnouts sound simple but cause more post-closing fights than any other deal term. A founder-friendly walk-through of how earnouts really work, how they go sideways, and what to negotiate before you sign.

Rutledge v. Clearway Energy: Why the Delaware Supreme Court Blessed Controlling-Stockholder Reform
The Delaware Supreme Court upheld SB 21 against a constitutional challenge. Here is what the Rutledge opinion tells us about Delaware’s shifting corporate law and what it means for your next deal.

Delaware SB 21 and the New Section 144 Safe Harbor: What Founders Should Know Before Signing a Controlling-Stockholder Deal
Delaware’s SB 21 overhauled Section 144. Here’s how the new safe harbor changes controlling-stockholder M&A for founders and buyers.

The Token Warrant, Explained
TL;DR. A token warrant is a hybrid instrument for web3 startups that have raised equity

The Voting Agreement (Series Seed), Explained
TL;DR. The Voting Agreement is the third of the four Series Seed documents. It does

The Investor Rights Agreement, Explained
TL;DR. The Investor Rights Agreement (IRA) is the second of the four Series Seed documents.
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