Startups

A man with a ring on his g=finger signing a legal document (Shareholder's_Agreement_Singapore)
Tips on drafting a great Shareholder’s Agreement

Reading Time: 6 minutesShareholder’s Agreement is an important starting point for many startups and SMEs Many people decide to go into business at some point in their lives. The number of startups continue to burgeon the world over. Small and medium enterprises (SMEs) make up 99% of all Singapore’s enterprises and account for about half of Singapore’s GDP. […]

A man signing a contract (Contract Essentials for a Business in Singapore)
Contract Essentials for a Business in Singapore

Reading Time: 6 minutesYou run a business or are self-employed. You just closed a deal with a customer. You need to whip up a contract to seal the deal. You also need to tie-up with a supplier to cater to this deal you just made with your customer. Now you are wondering how best you can bind both […]

Employment_Act_Singapore_Asia_Law_Network
The Employment Act in Singapore Simplified – What You Need to Know as an Employer

Reading Time: 10 minutesWhat is the Employment Act?  The Employment Act (Cap 91, Rev Ed. 2016) (“the Employment Act”) authoritatively prescribes the minimum standard of employment terms for applicable employees in Singapore. In order to avoid prosecution, employers must know whether the Employment Act applies to their employees, and if applicable, how the Employment Act applies exactly. While […]

An image of coding with the words Insurtech Regulation Singapore emblazoned across it
A Breakdown of InsurTech Regulations in Singapore

Reading Time: 14 minutes#1   InsurTech – What is it? The word ‘InsurTech’ is a portmanteau of the words ‘Insurance’ and ‘Technology’. Essentially, it is the use of technology to innovate and facilitate efficiency and cost-savings in all areas of the insurance industry. InsurTech is seeking to disrupt the insurance industry Just as we are witnessing a radical […]

Lawyer Farhana speaking at a structuring successful partnerships event with Lawyer Faith Sing and Lawyer Chia Yong Yong as the other two panelists and moderated by Samson Leo
Structuring successful partnerships for your startup

Reading Time: 10 minutesPartnering with a partner in a mutually beneficial strategic partnership can be valuable to any startup to charge their growth. It is important to structure these partnerships to safeguard the interest of both sides, especially when it is a deeper partnership where more there might be more confidential information being exchanged. At the same time, […]

A better way to get legal documentation for your startup

Reading Time: 5 minutesEven one lawsuit can devastate the prospects of a startup “Fail Fast, Fail Often” is a popular mantra among entrepreneurs that is only half-true when it comes to the legal mistakes that startups make. Getting into legal trouble often results in the sudden dissolution or a slow death of a dream business as the startup’s […]

Startups — How to work with lawyers at each stage of funding

Reading Time: 6 minutesStartups need to adjust how they work with lawyers as they grow, scale and expand. How can lawyers help startups meet their changing legal needs? Lawyers Ronald JJ Wong (Associate Director, Covenant Chambers LLC) and Patrick Dahm (Consultant, Samuel Seow Law Corporation) educated startups and shared crucial tips on how startups can work with lawyers […]

Patent Strategies for Startups

Reading Time: 7 minutesStartups generally worry that acquiring a patent is prohibitively expensive As discussed in the first patent article, the cost of patenting is high and generally several order of magnitudes higher than the cost of acquiring other IP rights such as trade mark and industrial design rights. A cohesive patent strategy can yield significant competitive advantage […]

Planning to start a business or startup? Your Legal Questions Answered

Reading Time: 13 minutesSo you have a unique and innovative business idea that you’d like to fully invest your time and energy in. But before realizing your entrepreneurship dreams, there’s still the legal aspects to take care of such as incorporating and preparing the legal documentation for your business. To help aspiring entrepreneurs, Samuel Ng (Director, BlackOak LLC) […]

Top 5 misconceptions start-ups have about patents in Singapore

Reading Time: 5 minutesContinuing from the previous IP article, patent attorney Chan Wai Yeng from Taylor Vinters Via LLC  talks about the top five misconceptions about patenting which startups should be aware of.  Intellectual property protection is an important consideration for most start-ups. The exclusive monopoly that comes with patents can help start-ups carve a niche in a crowded marketplace. […]

Payment Transaction Processing Framework-Introduction from Our Perspective (Part 1)

Reading Time: 10 minutesOn 14 November 2016 Bank Indonesia (“BI”), the Central Bank governing body in Indonesia, issued the Bank Indonesia Regulation No. 18/40/2016 concerning Framework of Payment Transaction Processing (Peraturan Bank Indonesia Nomor 18/40/2016 Tahun 2016 tentang Penyelenggaraan Pemrosesan Transaksi Pembayaran / “BI Regulation 18/2016”). We applaud the efforts made by BI to respond efficiently, swiftly and […]

Patent 101: Things you need to know before patenting

Reading Time: 9 minutesEureka! You have just created a great new product, UX, or developed an improved manufacturing process with significant reduction in production time. You know your invention has tremendous commercial value, and you are keen to share your idea with a potential business partner. But hold on for a minute. Before you disclose your invention to […]