While law touches all business transactions, it ends up being the last on the learning curve and spending list of entrepreneurs. We hear horror stories, and usually, it is only after a major mishap that entrepreneurs are seen consulting lawyers. A part of the puzzle, I am told, is a perception that regulation in India is not seen as a business continuity risk, at least for the small business. Rather, some start-up entrepreneurs import their romanticism with disruption into the legal and compliance arena. Others, also reduce their costs by holding back spending on legalese. In order to enable robust business models and a robust business organisation to emerge, I believe that an early engagement with the relevant laws is essential for an entrepreneur and a young business. However, quality legal services is not inexpensive. One response to this market reality has been to come up with templatised forms for various business scenarios. It works in some scenarios, but is hard to implement across the board. Another response to such market needs is charity- by the friendly lawyer you can connect to. Yet others try to meet these needs is by negotiating down costs of legal services, possibly at the expense of quality.
This workshop series is aimed at responding to the unmet legal needs of the start-up sector in India by bringing together entrepreneurs at one forum and learning from some of the best legal brains on a shared platform.