The Legal Practicum: Business Practice engages students in simulated learning experiences and exercises in two-person law firms. The Legal Practicum: Business Practice course is designed to provide participants hands-on training representing a client in business matters through the start-up and twenty-five year life of a business enterprise. The twenty-five year lifecycle will unfold over three phases during one semester. The Start Up Phase covers the formation and operation of a new business and law firm development. The Growth Phase covers growing and diversifying the business and law firm development years. The Maturity Phase covers how the entrepreneur transitions.Student attorneys resolve a number of business-related issues for the client, such as drafting representation agreements; negotiating purchase agreements and contracts; creating business plans and employee plans; developing finance and tax plans; advising on re-zoning, intellectual property; and product liability issues. Students interview the client, negotiate with the client and others, investigate facts, draft documents and prepare memos and briefs. Participants are required to work at least 235 hours for the five credit course. Limited enrollment. Grading: Letter graded. Credits: Variable Offered: Irregularly Subject Areas: Business and Commercial
