Entrepreneurship & Innovation Clinic at Yale Law School (US)

TN-EI/29

DESCRIPTION OF THE STEP TRAINEESHIP PROVIDER

The Entrepreneurship & Innovation Clinic at Yale Law School works closely with the entrepreneurial communities at Yale University and beyond. Our clients range from student and faculty-led ventures at Yale to innovative start-ups and emerging growth companies from entrepreneurial places on the East Coast and from around the globe, including from the greater New Haven innovation ecosystem. The Clinic provides transactional and corporate legal advice to its clients free of charge. For more information, go to https://www.eic-yls.org

WEBSITE

www.EIC-YLS.org

TYPE OF THE STEP TRAINEESHIP PROVIDER

Academic/educational institution

TRAINEESHIP TASKS

Trainees of the Entrepreneurship & Innovation Clinic will advise entrepreneurs and their ventures on various U.S. transactional issues that emerge from starting, managing, and growing their businesses. The clinic will also introduce trainees to the role of business, financial, human capital, and other non-legal factors in advising entrepreneurs and their ventures. All work by trainees will be under the supervision of the Director of the Entrepreneurship & Innovation Clinic at Yale Law School, Clinical Associate Professor of Law at Yale Law School, Sven Riethmueller (https://eic-yls.org/our-team, https://law.yale.edu/sven-riethmueller) under Professor Riethmueller’s direct supervision. This trainee program does not constitute or qualify for enrollment in Yale Law School.


The Clinic will expose trainees to different U.S. transactional matters and related U.S. legal issues for a variety of start-ups and emerging growth companies, including pre-venture counseling and founder agreements; entity selection counseling; entity formation and organizational document drafting; intellectual property counseling and licensing; independent contractor and employment agreements and accompanying equity compensation plans; supplier, vendor, and customer agreements and other commercial contracts; joint venture and collaboration agreements; and start-up financings, such as friends and family, seed and Series A venture investment term sheets and documentation.

Participation in the clinic will offer opportunities to gain an introduction to U.S. transactional law and to gain transactional legal skills with different business models. In addition, trainees will develop legal skills, such as client counseling and the negotiation and drafting of contracts and other transactional documents. All work will involve U.S. legal matters.

Trainees will work directly (remotely) with Professor Riethmueller, who will supervise all work.

Practice Areas:
• Pre-Venture Counseling and Founders Arrangements
• Business Entity Selection and Formation
• Capital Raising and Financings (e.g., friends and family, seed, and Series A investments)
• General Business Counseling and Corporate Governance Matters
• Intellectual Property Counseling and Licensing
• Business Contracts (e.g., supplier, vendor, customer agreements and other commercial contracts; joint venture and collaboration agreements)
• Employment Matters (e.g., independent contractor and employment agreements, equity compensation and employee incentive plans)

Types of Work:

• Client interaction and counseling
• Negotiation and drafting of contracts and other transactional documents
• Preparation of corporate and securities filings
• Legal research
• Attending board of directors meetings

ORGANISING ELSA GROUP

ELSA International

PLACE OF THE TRAINEESHIP

New Haven, United States

TRAINEESHIP FORMAT

Remote

EARLIEST START DATE

01/06/2021

LATEST END DATE

20/08/2021

MIN DURATION

4 week/s

MAX DURATION

10 week/s

REMUNERATION

unpaid

REQUIRED STUDY LEVEL

Graduate Bachelor

LEGAL SKILLS REQUIRED

Commercial Law - Advanced
Company Law - Advanced
Contract Law - Advanced
Industrial & Intellectual Property Law - General

LANGUAGE SKILLS REQUIRED

German - Fluent
AND
English - Fluent

NUMBER OF TRAINEES

3

NUMBERS OF HOURS PER WEEK

20

ADDITIONAL INFORMATION

Trainees will need to enter into a non-disclosure agreement with respect to their work. In addition, Trainees will need to agree that they may not make representations to the effect that by virtue of participating in this trainee program, they are admitted to or enrolled in Yale Law School or that they are attending classes at Yale Law School.

Trainees will need to be available (part-time) during U.S. business hours (East Coast, typically 6 hours time difference to continental Europe), typically in the afternoon European time (mornings until noon East Coast time).

Trainees will need to have access to a computer with MS Word (word processing), MS Excel (spreadsheet), Internet and Zoom (video conferencing) as well as email and a mobile device (smart phone).

Trainees need to be motivated to learn about and work on US transactional and corporate legal issues.

Trainees will need to be able to work remotely. There will be no opportunity to work from the United States due to COVID-19 restrictions.

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