Funding & Capital Raising
Comparing Convertible Instruments

In this blog, we explain the key similarities and differences between convertible notes and post-money Safes so you can understand the nuances between convertible instruments before you get to the negotiation table.


M&A
Indemnification in Mergers and Acquisitions Contracts

Indemnification is one of the most important, but least understood, parts of an M&A transaction. In this blog series, we will be covering the different aspects of the Indemnification Section of the Purchase Agreement. Part 1 will discuss what indemnification is and the process for indemnification under the agreement.


M&A
When is a Stock Sale not a Stock Sale? When it’s a Section 338(h)(10) Sale

This blog discusses the differences between an acquisition structured as an Asset Sale versus one structured as a Stock Sale, as well as the Section 338(h)(10) election, which is used when the Buyer needs the transaction to qualify as a stock sale, but wants the advantages of asset sale tax treatment.


General Business
Mistakes that Take the Cake

Corporate attorneys tend to see recurring mistakes that businesses make, and the large impact they can have. This article summarizes four common errors we see at Vela Wood, in the hopes that you (the reader) can avoid them. State Annual […]


Funding & Capital Raising
Series A is Closed. Now what?

There are a number of post-funding boxes to check off and the purpose of this blog is to give founders a starting point for next steps after completing a Series A financing.


M&A
Nothing Can Compete with Mergers and Acquisitions

This article explains the general features of non-compete and non-solicitation clauses in the context of mergers and acquisitions, including key items to consider for owners and companies alike.


Name, Image, Likeness
A State Law Approach to Student Athlete Name, Image, and Likeness Rights: A Guide for Interpreting Each States’ Legislation

The purpose of this article is to update and summarize the existing and differing state legislation currently in place regarding student athletes’ name, image, and likeness rights.


M&A
Are you ready for an exit transaction? (Probably not.)

With exit deals potentially around every corner, most founders are not asking themselves (and probably should be), if the Company is ready for an exit transaction and the scrutiny that comes with it. This article explains the basic steps of a merger or acquisition transaction, so that you can better understand what to expect at exit.


Fantasy Sports & Gaming
Texas Sports Betting Bill – H.B. 1121

A recent bill authorized by Representative Harold Dutton of Houston on January 12, 2021 seeks to legalize sports betting in Texas. The bill aims to allow authorized permit holders to offer sports betting through their designated electronic platforms.


Funding & Capital Raising
The Basics of Convertible Notes

The convertible note is a favorite investment vehicle for many founders and investors alike. This post outlines the key terms and explanations with regard to raising capital through or investing via a convertible note.