BEX5120 Law for entrepreneurs
Faculty of Business and Economics
BEX5120 Law for entrepreneurs is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 1 unit, leading on to 2 units in all.
- Credit points
- 6
- Offered in 2021
- Semester 1, Semester 2
- Caulfield
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2027 entry.
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Requisites
Before BEX5120
No prerequisites or corequisites.
After BEX5120
1 unit list BEX5120 as a prerequisite or corequisite.
Overview
Entrepreneurship is shaped and governed by prevailing institutions including important aspects of the law. It is critical that when starting and growing a new venture, entrepreneurs are both aware of and compliant with local and global regulations. This unit will cover key legal requirements relevant to starting, structuring and operating a business. It is important that entrepreneurs are aware of and understand the importance of contracts; operating a digital business; company law including the advantages of a company structure, duties and roles of directors and shareholders; intellectual property including trademark, copyright, patent and trade secrets protection to protect innovation; the different ways to take on funding from investors; as well as unique legal issues in frontier technologies. The ethical and compliance aspects of all topics will be examined. The unit offers you a broad overview of relevant aspects of the law to ensure legislative requirements are complied with and, by doing so, risks to any potential business are mitigated. It will also enable founders to seek the right kind of legal advice at the right time for their business.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment100%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand and identify the basic intellectual property needs and requirements for a startup including, trademarks, copyright and inventions, as well as understanding how to protect intellectual property
- 2
have a sound overview of the various business structures available to entrepreneurs and the uses of different structures for different types of businesses
- 3
understand the legal obligations of business founders, directors and shareholders
- 4
understand the ethical aspects of the legal issues that are relevant to entrepreneurial activities and startups especially in frontier technologies like robotics, AI, cyber security and blockchain
- 5
understand and identify the fundamental contracts needed to start and grow a business, including founders agreements, client contracts, privacy considerations and online transactions
- 6
understand how to fund a startup including private investment, venture capital and government grants
- 7
understand the role of lawyers in starting a business and how an entrepreneur can maximise legal value from a lawyer.
Workload and teaching
- Workshops36 hours
- Teaching approachIndustry-based learning
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit is offered by the Entrepreneurship Portfolio in the Business School and is guided by our four defining values:
Humble excellence
Elevated thinking
Meaningful action
Anchored in community
The core function of the portfolio is to help students develop an entrepreneurial mindset and the capabilities to bring this mindset to life. This means that throughout the unit you will experience ambiguity, moments of chaos and considerable uncertainty as you deep dive into the world of startups, entrepreneurship and innovation. You will be required to spend substantial time outside of class engaging with various stakeholders to help test and validate your ideas and solutions. Each unit within the entrepreneurship portfolio requires you to act, it’s not about sitting in the classroom, coming up with ideas and thinking you’re correct. You will at times be wrong! So, you will need to iterate, adjust and be willing to fail. This is what entrepreneurship is about, it will be hard but incredibly rewarding! If you are not willing to put in the work and give it your best, then this unit is not for you.
Technology Policy
This unit requires your full attention and focus at all times, if you are answering emails, texting, posting or scrolling during lectures and in particular guest presentations you will be asked to leave the class.
Word Limits
You will notice that there are some assessments with no word limits in this unit, this is because the unit is designed to prepare you for the real world. We may provide you with some guidance, but we will not spend time specifying how long a report should be, what font you should use or other bits of information that you, a young professional, need to learn how to judge and decide. Use as many pages/slides/words/pictures that are required to get your insights across in a clear and succinct manner.
Where it fits
BEX5120 is part of 1 area of study in the 2021 handbook.
Contacts
- Chief Examiners
- Professor David Gilbert
Common questions
What are the prerequisites for BEX5120?
BEX5120 has no prerequisites.
What can I take after BEX5120?
BEX5120 is a prerequisite or corequisite for 1 unit, including BEX5415. Those lead on to 2 units in all.
When is BEX5120 offered?
In 2021, BEX5120 runs in Semester 1 and Semester 2 at Caulfield.
How much work is BEX5120?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BEX5120 have an exam?
No. BEX5120 has 1 assessment task and no exam.
Which majors and minors include BEX5120?
BEX5120 is part of Entrepreneurship.