Xplosafe, the company profiled in the opening feature for Chapter 7, interviewed four attorneys before selecting the attorney they now use. They selected the attorney they did for two reasons:
A) his fees were the lowest and he is an entrepreneur himself
B) his references were the strongest and he is a former examiner for the U.S. Copyright Office
C) he is the President of the Oklahoma City, Oklahoma, bar association and he had experience working with startups
D) he is a startup entrepreneur himself and he is a former examiner for the U.S. Patent and Trademark Office
E) he had more experience working with startups and he agreed to alter his fee structure to charge less at the beginning and more as Xplosafe became profitable

Question

Quizplus · Accepted Answer

Xplosafe selected their attorney based on his experience working with startups and his willingness to adjust his fee structure as the company grew profitable. While being a startup entrepreneur himself and having prior experience with the U.S. Patent and Trademark Office can also be beneficial, these factors were not specifically mentioned as reasons for Xplosafe's selection of their attorney. The attorney being the President of the Oklahoma City, Oklahoma, bar association and having strong references may also be desirable characteristics, but again, these were not mentioned as reasons for Xplosafe's selection. Lastly, the attorney having the lowest fees alone may not necessarily be the best choice if they lack the necessary experience or credentials to provide effective legal counsel.

Xplosafe, the Company Profiled in the Opening Feature for Chapter