Tag Archives: contract

Crowdfund To Save This Recording Star

What do George Harrison, Prince. Don Henley, LeAnn Rimes, Courtney Love and now Ke$ha have in common? They all wanted to break their record deals. Ke$ha, who People Magazine says was the highest paid singer at $46M last year, is … Continue reading

Posted in balance, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, Film, fraud, Funding Portals, Investments, Jobs, Small Business, unfair and deceptive practice | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Kickstarter Documents Contract Between Crowdfunders and Donors

Kickstarter has revised its terms and conditions to let crowdfunders know that they are entering into legally binding contracts with their “donors.” The terms now specifically state that if the funder does not comply with its obligations, it could be … Continue reading

Posted in Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Legislative Intent, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Washington State Sues Crowdfunder

Washington State’s Attorney General filed a lawsuit against a crowdfunder who raised over $25,000 from 810 backers on Kickstarter and failed to deliver the promised product for more than 16 months. The AG calls this “crowdfunding theft.” In other words, … Continue reading

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

It’s A Contract

If I promise to deliver to you product X in exchange for $Y, what is that? It’s a legally binding contract. If I take your $Y, put it in my personal bank account and do not deliver your product X … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, SEC, Small Business, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment