I will draft delaware dgcl 102b7 exculpation clause for startup incorporation cofl
Licensed US Corporate Attorney Delaware Entity Liability Shielding Expert
About this Gig
As a licensed US Attorney (Bar #82813), I specialize in Delaware corporate formation. Under DGCL Section 102(b)(7), a Delaware corporation can legally eliminate the personal liability of its directors (and now officers) for monetary damages related to certain breaches of fiduciary duty.
If you are incorporating a startup, this clause is mandatory to attract top-tier board members and investors. Without it, your leaderships personal assets are at risk.
I will draft a precise, airtight Section 102(b)(7) exculpation provision ready to be inserted into your Certificate of Incorporation. My drafting ensures strict compliance with Delaware law, maximizing the liability shield for your leadership while avoiding unenforceable language.
Choose your package based on whether you need the clause only, inclusion of corporate officers, or a full Certificate of Incorporation. Order now for exact, authoritative legal drafting.
Field of law:
Business (corporate)
Target country:
United States
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FAQ
Does this cover both Directors and Officers?
By default, 102(b)(7) covers directors. I offer an upgrade (Standard/Premium) to include Officers, per the August 2022 Delaware amendment.
Can I just paste this into my current draft?
Yes. The basic and standard packages provide a perfectly formatted clause ready to be inserted into your Certificate of Incorporation.
Does this protect against bad faith or fraud?
No. Under Delaware law, 102(b)(7) cannot exculpate breaches of the duty of loyalty, bad faith, or intentional misconduct.
