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"The legal fees are paid after receiving the investment" May be the case, but unless you can negotiate a deal with your law firm that the fees are contingent o
by shimms 13y ago
"The legal fees are paid after receiving the investment"
May be the case, but unless you can negotiate a deal with your law firm that the fees are contingent on closing, if the deal falls apart you've still got the legal fees to pay, and no investment cash to pay them with.
- fragsworth 13y agoThat's only true for your own legal fees. If the deal falls apart, you don't have to pay the VC's legal fees.