DEVELOPING LEGAL SKILLS THROUGH IF ACADEMY X LEGALKU: LEGAL ESSENTIALS FOR STARTUPS

As a startup founder, have you ever struggled with understanding and creating legal documents for your company? Have you ever experienced confusion over the required legal documents to be fulfilled and what the functions are? Have you got involved in a legal dispute between partners or co-founders and did not know how to solve the issue?

Those things can possibly happen if you are lacking legal skills and do not adhere to the required legal documents for your business. It has been a common perception that legal skills and documents are challenging to comprehend. However, it is very crucial for a startup to have at least a basic and essential knowledge of binding law and regulations before problems arise.

To overcome this perception and to provide legal skill development for you all, IF Academy x Legalku will hold a series of six comprehensive workshops about Legal Essentials for Startup. So what are you going to learn in this series?

  1. Understanding Legal Documents in A Flash 
    Tuesday, June 9th 2020, 2-4 PM (GMT+7)

Did you know that 30% of the tasks that need to be fulfilled in the early stage of our startup involves legal documents such as legal agreements, minutes of meeting, letters, pitch deck with non-disclosure agreements, and related company deeds? 

Legal document administration and comprehension skills are very crucial in all kinds of businesses. The lack of understanding in essential functions of legal documents will cost us a lot of time and increase financial risks once the business is established and running. However, it is a common perspective that comprehending and creating legal documents is very challenging to learn, which led the founders to ignore or procrastinate those skills until it is way too late.

In order to help you to easier learn your legal skills and handle documents, Innovation Factory and Legalku will deliver “Understanding Legal Documents in A Flash '' to facilitate you all, no matter what kind of background you have, to understand and make legal documents faster but also effective and thorough. 

In this class, you will learn about:

  • Identifying legal documents based on the business needs
  • Understanding the main clause and the general clause in an agreement
  • Analyzing risk fast in an agreement
  • Taking a faster decision on whether a document can be signed or not

After this class, you will be able to do:

  • Legal Document Identification
  • Fast Review of Legal Document
  • Legal Clause Screening
  • Risk Clustering for Management

 

  1. The Correct Way to Make Founders Agreement 

Thursday, June 11th 2020, 2-4 PM (GMT+7)

Have you ever heard about the case between Facebook founder, Mark Zuckerberg and Winklevoss? This conflict over idea and code ownership of UConnect is a classic example of why it is crucial to create a founders’ agreement in startups. Also, did you know that 70% of businesses experience disputes or split in between its founders? This can affect negatively on the business. Founders’ are the voice of reason in a startup and disputes among them will likely end up in conflict over brand, products, employee, or business ownership. 

This is why Founders’ Agreement is needed, even in the very early stages of the startup. This agreement has a significant effect on the commitment of the founders and to avoid conflict if a split happens. This agreement will contain essential points to ensure all the founders play based on their roles and responsibilities, so the conflict between them can be minimized. 

With that in mind, Innovation Factory and Legalku will deliver “The Correct Way to Make The Founders’ Agreement '' for you all startup founders to optimize the role in the business and minimize the risk of conflict. 

In this class, you will learn about:

  • Analyzing the expectations of the founders
  • Deciding cooperation stages and steps between founders
  • Identifying clauses that need to cooperate in the agreement
  • Implementing example of clauses based on real-life cases
  • Analyzing functions of every founder to be involved in the agreement

After this class, you will be able to do:

  • Basic Contract Drafting
  • Risk Mitigation
  • Negotiation
  • People Management

 

  1. Understanding Legal on Investment

Tuesday, June 16th 2020, 2-4 PM (GMT+7)

Did you know that 8 out of 10 entrepreneurs faced a struggle in the phase of handling investors? It is usually due to their lack of experience and information about how to negotiate and decide the portions for the investor and for them. When this happens, a founder can potentially lose a huge portion of share of the company. This is of course not the result that we want to achieve after getting an investment, isn’t it?

Before finding an investment, a startup founder needs to prepare the required documents such as pitch deck, market research, and many kinds of legal documents. Legal aspect is one of the most important factors of consideration for investors before investing in a startup. This shows the level of responsibility, determination, and discipline of its founders that certainly will affect their performance in doing business. 

To prepare legal aspects before getting investment, it is important to involve a lawyer or someone who understands legal. However, it is also advised to the founders to understand it so they wont be making risky decisions too easily. Therefore, IF Academy X Legalku will have a session about “Understanding Legal on Investment”.

In this class, you will learn about:

  • Categorizing Investors
  • Creating an investment timeline
  • Categorizing investment sources
  • Identifying requirements that have to be fulfilled and prepared before finding an investor
  • Identifying the steps that have to be taken by a company to get the investment. 

After this class, you will be able to do:

  • Investment Planning
  • Due Diligence Preparation
  • Negotiation
  • Non-Disclosure Agreement Drafting
  • Investment Agreement Drafting

 

  1. How to Have A Safe Collaboration Agreement

Thursday, June 18th, 2020, 2-4 PM (GMT+7)

Collaboration and cooperation is a very significant determining factor in the growth of a business. Many startups face problems and even fail because they are unable to identify the right partner and positioning in the cooperation. When that happens, there is always a possibility that a partner will become a competitor in the future, even hijacking our best employees down to the point when our business has nothing left. 

To avoid this from happening, a startup needs a special strategy to choose collaboration partners, create limitations and authority regulations, and joint operation clauses. These aspects have to follow the rules of ethics and binding law. This is something that needs to be understood by startup founders before doing any strategic partnership or collaboration. 

With that being said, IF Academy x Legalku will bring you a session about “How to Have A Safe Collaboration Agreement”. 

In this class, you will learn about:

  • Categorizing the right collaboration partners before making an agreement
  • Conducting risk assessments and mitigation between us and partner in the collaboration agreement
  • Measuring the performance of collaboration and
  • Breaking up the agreement with a partner safely

After this class, you will be able to do:

  • Partnership Clustering
  • Collaboration Agreement Drafting
  • Negotiation
  • Dispute Resolution

 

  1. Smart Layoff Strategy

Tuesday, June 23rd 2020, 2-4 PM (GMT+7)

As a business owner, laying off the employee is never an easy task. Especially in this time of crisis, there are a lot of companies laying off employees due to financial reasons. In contrast with firing, laying off is not caused by bad performance, fraud, or attitude problems of the employee. A layoff can be temporary or permanent, and because there is a possibility of it becoming permanent, there are things to be considered before conducting it such as protecting the company secrets, assignment handover, and compensation mechanism. 

To handle this matter effectively, a company needs an effective strategy about conducting layoff. There is a need to consider many factors such as ethical code and regulations. These aspects are going to be talked about in IF Academy x Legalku session, “Smart Layoff Strategy”. 

In this class, you will learn about:

  • Identifying regulations about laying off employees
  • Creating a timeline and strategies before laying off employees
  • Identifying the rights of laid-off employees
  • Identifying legal documents that are needed before conducting a layoff

After this class, you will be able to do:

  • People Management
  • Human Capital Strategy
  • Manpower Dispute Resolution
  • Layoff Documentation

 

  1. How to Win A Negotiation

Thursday, June 25th 2020, 2-4 PM (GMT+7)

The most popular and significant negotiation process in developing a startup is in the time of investment pitching and share acquisition. The lack of this acumen can cause founders to lose trust from partners or get an undesired amount of share in their business. Negotiations take an ability to convey our point clearly, to discuss at the same level, and to get win-win solutions for everyone involved. But there is also a competitive negotiation that absolutely requires one party to take all. These models are certainly different one and another in terms of implementation. 

Negotiation skill is not something that can be mastered by everybody. Theoretical comprehension, experience, and strategy can affect the whole process of negotiation. To enhance the skill of negotiation, it takes technique and tactics, confidence to convince, and problem-solving. These skills are going to be learned in our session “How to Win A Negotiation.”

In this class, you will learn about:

  • Understanding negotiation steps (pre-negotiation, on-negotiation, binding final agreement, and implementation of the end goals)
  • Delivering effective reasoning to conduct the negotiation
  • Conducting negotiation simulations with the instructor and other participants

After this class, you will be able to do:

  • Negotiation
  • Background Research
  • Body Language on Negotiation
  • Win and Lose Conceptual

 

So why do you HAVE to join this workshop?

You are going to get comprehensive study materials, a certificate, tests to measure your comprehension and a free one-on-one session with legal experts from @Legalku. You also will be provided with drafts and templates to explore at home!

You can choose one of the six workshops based on your needs, or join the full series and get a very special price!

Click HERE for registration and get a special discount by using voucher code LegalBLOCK71.

Limited seat! Grab it fast!