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This subject will provide students with the legal skills to advise start-up companies on the legal issues those companies are likely to face in their early years of operation. The subject will cover the substantive law relevant to the particular circumstances of a start-up, including intellectual property, privacy, structuring options, start-up funding including crowd funding and Initial Coin Offerings, regulatory restrictions applying to LegalTech start-ups, the Australian Consumer Law, employment law and the tax incentives available for start-up companies in Australia. It will also cover some of the ethical issues involved in advising start-ups, such as the issues associated with advisers taking equity in their clients.
The subject will provide students with the opportunity to develop the specialist practical skills used in advising start-up companies.
Intended learning outcomes
Students who complete this subject will have developed specialised skills in advising and assisting start-up companies on the law relevant to their creation and growth.
On completion of the subject students should have developed the following skills:
- The ability to identify the legal issues relevant to formation of a start-up;
- The ability to understand and apply the different approaches to structuring a start-up and the advantages and disadvantages of the various structuring options;
- The ability to review and critique the principal agreements to be executed by start-ups, including Non Disclosure Agreements, Terms Sheets, Shareholders Agreements, employment contracts, independent contractor agreements, technology licences and funding agreements; and
- The ability to engage in and advise on approaches to drafting these documents, the appropriate use of precedents and approaches to reviewing and responding to draft documents prepared by other lawyers.
Last updated: 16 March 2020