5 ms·
Not necessarily. There are likely key person clauses in the prior round docs.
by bix6 4mo ago
Not necessarily. There are likely key person clauses in the prior round docs.
- overfeed 4mo agoIt has happened in the recent past (2-4 years ago?); I can't remember both the acquirer and the hollowed-out startup, and searches are returning chaff, but it got to the HN frontpage. IANAL, but at-will employment cuts both ways- thr best an employer can do on behalf of investors, are golden handcuffs - and people can be bought out of those.
- borski 4mo agoThat’s not quite actually true and it is a bit more nuanced than that. For example, while non-competes and non-solicits are unenforceable in CA for employment agreements, they absolutely are enforceable for mergers and acquisitions. The laws governing employment are a subset of the laws governing M&A.