The primary goal of the cannabis Safe is to address the regulatory complexities that come with raising money in the industry. For example, depending on whether a company is raising a priced round (i.e., selling equity at a fixed valuation) or a convertible security round (i.e., a Safe or convertible note), each triggers different regulatory reporting and/or approval processes.
Delta Model is an agile competency model for the 21st-century legal professional that reflects and visualizes a more holistic set of knowledge and skills. To be sure, this model and set of knowledge and skills won’t address decades, if not centuries, of flaws overnight.
I quickly realized two things: First, I needed to speak to some experienced general counsel to get their advice on building a legal department from scratch. Second, given the breadth of my responsibilities, I would need to streamline our legal operations so that contracting was never the bottleneck in our sales and business development efforts.
The future is here much sooner than anyone in the legal profession might have expected. For years, we have seen how due diligence and document review could be sped up through technology. Skype, and now Zoom, had been tentatively used in teleconferencing but had not penetrated into the courtroom. Artificial intelligence has just begun to work in the legal environment.
When an employee leaves a company, they usually take with them proprietary secrets and other insider knowledge. In order to protect the business, many employers have their soon-to-be former worker sign a confidential separation agreement. These allow both parties to move forward with a shared understanding of what constitutes privileged information. They also clarify other important parting business, such as what the company considers to be non-competition and what constitutes a fair severance package.