Ongoing or Past Legal Cases - Swedish Ventures

Ongoing or past legal cases in the context of a startup refer to any legal disputes, lawsuits, or regulatory actions that the company has faced or is currently involved in. This is a crucial part of due diligence as investors, partners, and stakeholders need transparency regarding any legal risks.

A structured list of legal cases might include:

Case Name & Number: Official identification of the legal matter.
Parties Involved: Names of plaintiffs, defendants, and legal representatives.
Nature of the Case: Whether it’s a contract dispute, intellectual property issue, employment lawsuit, etc.
Current Status: Ongoing, settled, dismissed, or pending resolution.
Financial & Operational Impact: Any fines, settlements, or business restrictions resulting from the case.
Legal Counsel: The law firm or attorneys handling the case.

If a startup has no ongoing or past legal cases, it is common practice to issue a declaration document stating that the company has no legal disputes. This declaration serves as an official statement to confirm the company’s clean legal record.

Written by Swedish Ventures, Rolf Olsson. Remarks to this article could be sent to glossary@swedishventures.se.

ASO: DD-02-05