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Coast Guard 47' Motor Lifeboat in Morro Bay, CA 04 Dec 2007

Editors note: This a guest post by Rajah Lehal, a Toronto based startup lawyer, who assists early and growth-stage entrepreneurs.

Like insurance, legal documentation can give business owners migraines, but it can also provide peace of mind. I’ve seen many situations where the natural course of a business forced founders (and us) to work backwards to try to fill in a gap (such as chasing their contributors to assign intellectual property back to the company, or signing a consulting agreement after the consulting engagement is over).

Doing these five simple things today can save you money and time later.

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