Course Page for Fall 2016 - Gehl, Michael
The course focuses on the role of the lawyer as an advisor to closely held businesses and their owners. Numerous case studies are used to expose the student to a broad range of structural planning issues and the practical and analytical challenges of the planning process. There is a heavy emphasis on planning traps and creative planning strategies. Different types of closely held businesses are analyzed, compared and contrasted in case studies that raise important issues in co-ownership planning, enterprise funding, owner compensation, structuring profit and capital interests, profit distribution planning, exit and business transition planning, key executive planning and employee relations and benefits. Numerous drafting considerations and implementation mechanics also are reviewed. The course is designed to broaden the student’s substantive knowledge on a broad range of issues and to help the student develop three essential planning skills: (1) the ability to identify and address business objectives, not just legal issues; (2) the ability to evaluate and apply specific strategic options; and (3) the ability to effectively communicate with non-lawyers. The text used contains case studies and related problems, as well as resource materials which provide students with background information required to evaluate and develop solutions for the problems. Due to the broad scope of topics covered by the problems, the reading assignments (all of which are in the text) are relatively extensive. Each student will be assigned two of the problems and will be required to (1) participate in a role play exercise with the instructor with respect to each problem (with the student playing the role of lawyer) and (2) write a formal legal memorandum to the instructor (assuming he is a partner in a law firm who has assigned the problem to the student) with respect to the second problem, analyzing the problem and discussing proposed solutions. The role play exercises and memos are graded and constitute 25% of the student’s course grade, with the final exam constituting 75%. Prerequisites: Business Organizations I and Taxation I (or equivalent undergraduate or graduate level basic income tax course). Also, for students who have not had Tax I, required summer reading in Tax topics may be substituted: contact Jane Heymann at firstname.lastname@example.org for list of required reading.
Recent Offerings of this course by this instructor
Course Page for Spring 2013 - Ibrahim, Darian
Selected Problems in Business Organization: Law & Entrepreneurship The intersection of law and entrepreneurship is an emerging field of study. This course explores the common legal and economic issues faced by highly innovative start-up companies and the angel investors and venture capitalists who fund them.
Course Page for Spring 2016 - Frenchick, Grady
This course will examine intellectual property, viz., patent, trademark (including branding and brand selection), copyright, and trade secret issues in various business contexts. Class meetings will focus upon the theory and practice reflected in current IP business practices and pending cases and transactions dealing with protection and licensing of intellectual property, licensing practices having antitrust implications, contract negotiation, intellectual property commercialization particularly in the highly regulated life sciences space and other current legal issues at the intersection of intellectual property, contract and business law.
A significant number of the class meetings will be conducted using Skype or other similar program.
The class will be offered for 2 or 3 credits with a 20 page paper for 2 credits and a 30 page paper for three credits. The course serves as a capstone for business students interested in intellectual property and intellectual property students interested in business law and policy. The goal is to allow students to see intellectual property in practice and to synthesize intellectual property and business policy as reflected in contractual arrangements. Recommended courses: Introduction to Intellectual Property or Copyright or Patent and Business Organization.
Course Page for Spring 2012 - Lipson, Jonathan
Transactional Skills Workshop:This simulation course
immerses students in a series of real-life transactions organized around the formation and early life of a high-tech startup. Students role-play as lawyers and clients for the three principal actors in a fairly typical deal: the entrepreneurs, their former employer and their investor. Students will work in teams on many of the important elements of these transactions, including negotiating and documenting corporate charters, bylaws, technology licenses, stock purchase agreements, employment agreements, and so on. Prerequisites: Business Organizations I. It is limited to 12 students and satisfies the upper-level writing requirement. Please contact Professor Lipson (email@example.com) if you have questions about the Workshop.