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Glossary

Company Formation & Legal

Everything related to incorporation, compliance, and governance.
24 terms
Articles of Incorporation

Legal document filed to create a corporation.

Board

A group that governs and oversees a company, especially corporations.

Bylaws

Rules for how a corporation is governed internally.

C-Corp

A corporation structure often used for venture-backed startups (especially in the US).

Compliance

Meeting legal and regulatory requirements.

Data Processing Agreement

Contract defining data handling responsibilities under privacy laws.

Definitive Agreements

Final binding legal documents for an investment or acquisition.

Director

A board member with fiduciary duties to the company.

DPDP Act

India’s Digital Personal Data Protection framework (commonly referenced as DPDP).

ESOP Plan

A formal plan defining how employee stock options are granted and managed.

Fiduciary Duty

Legal obligation to act in the best interest of the company.

GDPR

EU privacy regulation governing personal data processing.

Incorporation

The legal process of forming a company.

IP Assignment

Agreement transferring intellectual property rights to the company.

LLC

Limited Liability Company: a flexible business structure with liability protection.

MSA

Master Services Agreement: governs a long-term services relationship.

NDA

Non-Disclosure Agreement to protect confidential information.

Operating Agreement

A document defining how an LLC is managed and owned.

Patent

A legal right protecting an invention for a limited period.

Pvt Ltd

Private Limited Company: a common corporate structure in India.

Shareholders Agreement

Contract between shareholders covering rights, obligations, and transfers.

SOW

Statement of Work: the specific scope, deliverables, and timeline under an MSA.

Term Sheet

A non-binding summary of key deal terms before final contracts.

Trademark

A brand identifier (name/logo) protected by registration or use.