whIPit

Wayne Hudson provides direct and plain language advice to help you understand your legal needs. Wayne has more than 30 years of experience in commercial and corporate law and has spent the last 20 years focusing on the commercialisation of technology and intellectual property, the sale and purchase of technology businesses, capital raising and structuring start-up companies.

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Mob +64 21 688 192

Skype waynehudson.whipit

EMAIL wayne@whipit.co.nz

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  1. Constitutions for Start-up Companies

    October 2014

    A small start-up company with just one owner does not need anything but the bare essentials when setting up in business.  With no other shareholders there is  no point in having a constitution. The main reasons for having a constitution are: to create pre-emptive rights on the sale of shares to allow the company to …

  2. Shareholder agreements can be a waste of time, energy and money

    October 2014

    In my last few years practising law I reviewed, drafted and negotiated literally hundreds of shareholder agreements.  But I have recently come to the conclusion that, for the most part, shareholder agreements are an unnecessary distraction for the shareholders and do nothing to advance the interests of the company to which they relate.  Too often …

  3. Negotiating Term Sheets

    May 2014

    One of the hardest things for a start-up company is the process of bringing in new external investors. One of the main reasons for this is that the company is often at a severe negotiating disadvantage compared with the investor, who has usually made many other investments and understands the process. A start-up company, on the other hand, may have never had to go through the process before.

  4. Some thoughts on investing in start-up companies

    April 2014

    I have come across investors who have been successful entrepreneurs in the past but many of them have lost a lot of their hard-earned money investing in businesses they know very little about. In doing so, they have failed to take advantage of their many years of hard work, knowledge and expertise that created their first success. In other words, they didn’t stick to their knitting.