Thursday, July 16, 2020
Just Published: The Entrepreneurs with No Garage Project
Entrepreneurs with No Garage is a team project in my Tech Law for Entrepreneurs course, focusing on the most common mistakes that people make when forming a business without legal counsel. In the assignment, students assume the role of a hypothetical business partner in a start-up with only $500 for initial legal costs. Students participate in exercises that allocate these funds; assess personal and company risk levels; draft a Shareholder Agreement entailing different roles and capital contributions; and write a Work for Hire agreement with a clause conferring intellectual property ownership.