What legal assistance is needed in creating a startup?

In addition to corporate counsel, the startup may have its own intellectual property counsel to assist with corporate patent strategy, especially if the company will be involved in a patent-rich area.

The startup’s counsel must be separate from Yale counsel, though it is advisable and recommended that the corporate IP Counsel and the Patent Counsel coordinates activities. Also, it is wise for inventors to have agreements regarding their roles with the startup reviewed by their own counsel to ensure that all personal ramifications—including taxation and liabilities—are clearly understood.