For-profit Transactions Introduction
The majority of the content within this section of the Entrepreneurship Law website is for the faculty use. Are you a professor interested in joining our group - or accessing the academic contents of this website? Submit an application for membership. If you are already a member, please log into the secure section of the site.
The information and sample documents included in this section of the website are intended to be used in a small business, entrepreneurship or technology law program in which law students work under faculty supervision to provide legal assistance to for-profit business clients. Information in this roadmap is derived from experiences at Northwestern University School of Law’s Bluhm Legal Clinic’s Entrepreneurship Law Center (formerly known as the Small Business Opportunity Center), and is provided in the chronological order in which legal issues often will be addressed.
There are references in the text to sample documents that may be accessed by clicking on the collections designated in bold letters. Most of these are “standard documents”, namely those in widespread use throughout the legal profession whose authors are unknown. Others are the original work product of a transactional clinic - usually drafted by law students in connection with actual client assignments. Materials pertaining to the states of Delaware, California and Illinois, and other jurisdictions, are included for illustrative purposes only - but tend to be representative of what might be appropriate in other states as well.
The purpose of proving such information and documents is to provide a starting point from which faculty and students can work, on the assumption that the advice given and the documents drafted in the law school clinic will be tailored to reflect the particular facts involved and the differences in legal requirements in each jurisdiction. The names and situations identified in the sample documents are hypothetical.
Of course, there are literally thousands of legal forms, law review articles, and other source materials that students can find in their own law school libraries, by using Practical Law Company, Lexis or Westlaw, or through commercial search engines like Google.
The clinical instructor will have to decide whether the sometimes conflicting objectives of providing timely assistance to real clients while teaching students how to become good transactional lawyers will be better served by directing students to specific materials and form documents or by encouraging them to find such materials and forms for themselves. In either event, the clinic will want to establish some kind of depository for electronic copies of items produced or relied upon by the clinic in the course of representing clients. Over a period of time, this will become a valuable resource in and of itself.
For more information on how to navigate the For-profit Transactions in Clinics section of the EshipLaw website, please refer to the How to Help For-Profit Clients guide.