A debt instrument used in early-stage startup financing that converts to equity at a future financing round, typically with a discount and valuation cap. Oregon's employee-friendly legal climate creates specific considerations for CNA drafting and enforcement.
Analyze Your CNA Free →Oregon requires non-competes to be provided 2 weeks before start date, limits duration to 12 months, and requires garden leave.
ORS § 653.295 requires employers to pay the greater of 50% salary or $500/week during non-compete period.
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