Entrepreneurial Law Clinic
Section 1, Spring 23
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Students must timely submit an application to enroll in this clinic (deadline in Fall term prior to enrollment lottery process). Selected participants will receive instruction and practical training on advising startup companies and drafting basic corporate documentation. As part of the clinic, students will work with entrepreneurs who are starting new companies and have been accepted into the accelerator program at the iLab. As preparation for advising startup companies, students will participate in a series of class sessions over the first half of the semester covering the topics most frequently encountered by startup businesses; including, but not limited to, pre-venture counseling, entity choice, formation documents, shareholder agreements, IP protection, etc. Then, students will receive first-hand experience in working with real startup companies under the supervision of the course instructor and supervisor. The students will take the lead role in working with the entrepreneurs, including conducting interviews, performing research, providing a legal plan for the business, identifying documents to be drafted, and drafting documents. Please note that we will NOT provide counsel on: litigation, patents, securities regulation, tax matters, public mergers or acquisitions, or international trade.
Final Type (if any): None
Written Work Product
Written Work Product: Each student will prepare a series of memoranda which may include a legal plan for each client and general legal research. Students will also prepare corporate documents, maintain regular contact with clients and supervisors, keep time and prepare memoranda summarizing client work.
Other Course Details
Prerequisites: No prerequisites, but one or more of these courses is recommended: Corporations or Corporations (Law and Business); Securities Regulation or Securities Regulation (Law and Business); Emerging Growth Companies and Venture Capital Financing: Principles and Practice; Finance of Small Enterprises (SC); Legal Practice and the Startup Company: An Inside Look (SC); Because the credits in this course count toward the JD Program Professional Skills requirement, JD candidates will be given enrollment priority for this class. Concurrencies: None
Mutually Exclusive With: None
Laptops Allowed: Yes
First Day Attendance Required: Yes
Course Resources: To be announced.
Course Notes: This course will meet throughout the semester. During the first half of the semester, there will be one session each week consisting of a substantive overview of the areas of law and issues most frequently encountered in working with start-up companies. Thereafter, we will meet once a week to review progress and address open items. We will also invite entrepreneurs to discuss their ventures and to help us better understand what has impressed or disappointed them in their prior interactions with attorneys. Laptops allowed for certain classes but not for guest lecturers. Once a student has been accepted into the Clinic, the student is committing to participating in the Clinic and may not drop the class. The application process for this course is announced by SRO during the Fall semester (prior to the lottery enrollment process for Spring courses).
*Satisfies Writing Requirement: No
**Credits For Prof. Skills Requirement: Yes
Satisfies Professional Ethics: No
*If “Yes,” then students are required to submit a substantial research paper in this course, which means students do not need to submit any form to SRO for this paper to meet their upper-level writing requirement. If “No,” then students must submit a “special request” e-form to SRO (available via LawWeb) no later than five weeks after the start of the term for a paper in this class to be counted toward the upper-level writing requirement.
**Yes indicates course credits count towards UVA Law’s Prof. Skills graduation requirement, not necessarily a skills requirements for any particular state bar.
Cross Listed: No
Cross-Listed Course Mnemonic:
Concentrations: Business Organization And Finance, Intellectual Property
Public Syllabus Link: None
Evaluation Portal Via LawWeb Opens: Friday, April 21, 12:01 AM
Evaluation Portal Via LawWeb Closes: Sunday, April 30, 11:59 PM