COURSE NUMBER: MBA 275.1
COURSE TITLE: Managing the Legal Environment of Business
UNITS OF CREDIT: 2 Units
INSTRUCTOR: Noel W. Nellis
E-MAIL ADDRESS: nwnellis@gmail.com
PREREQUISITE(S): None
CLASS FORMAT: Lectures by instructor; guest lectures by
business people and attorneys representing major Bay Area companies; and class
discussion based on the lectures and assigned reading materials.
REQUIRED TEXTBOOK: The Entrepreneur’s Guide to Business
Law (4th ed. 2012) by Constance E. Bagley and Craig E. Dauchy. Handouts will also be distributed in advance for
certain topics.
BASIS FOR FINAL GRADE: 20% class participation, 30%
mid-term exam or paper; 50% final exam.
ABSTRACT OF COURSE CONTENT AND OBJECTIVES: This course
offers a practical and business-oriented presentation of legal and regulatory
issues and problems that most commonly confront entrepreneurs, CEOs and
managers, including a survey of the major topics listed below. The course is
intended to broaden the business student’s perspective and knowledge concerning
the American legal system and the legal process, so that he or she is prepared
to (a) identify, analyze and deal with legal issues affecting his or her
own company, before those issues become major problems, (b)
strategically manage legal issues so as to prevent, shift or resolve legal
risks, (c) understand and respond to the legal, public policy and political
bases underlying laws and regulations affecting the business community, and (d)
work effectively and efficiently with inside and outside legal counsel to
anticipate and resolve legal problems and manage legal risk in a cost-effective
manner. In the class, we'll discuss, for example, whether a “disruptor",
like Uber, could be more successful more quickly if its “disruption” strategy
reflected more perspective and knowledge about the law and the legal process.
In sum, the class affords a unique opportunity to acquire knowledge and insight
about a critical aspect of business life that is not otherwise extensively or
at all treated in the business school curriculum.
MAJOR SUBSTANTICE TOPICS THAT WILL BE STUDIES AND
DISCUSSED INCLUDE:
·
Key legal concepts and issues associated with
starting and running a business
·
When and how to hire an attorney and how to
manage and work with legal counsel
·
Choosing the appropriate business entity (e.g.,
corporation vs. limited liability company or partnership) and structuring the
ownership of a business
·
Legal and other issues in raising capital for
business enterprises: what business people should know about securities laws
and regulations and their effect on venture financing, IPOs, crowd-funding
proposals, and on-going operations, including discussion of insider-trading
issues
·
Corporate governance issues (e.g., choosing
board members, role of board committees and independent directors,
compensation of board members, and legal and regulatory changes and trends
affecting boards, directors and officers of a company)
·
Understanding the litigation process and how law
suits work and get settled, arbitration and alternative methods of dispute
resolution, and understanding and dealing with class-action litigation
·
Intellectual Property Law (patents, copyrights,
trademarks, trade secrets and licensing)
·
Understanding and dealing with antitrust laws
·
Employment law issues, e.g., independent
contractor vs. employee classifications, wrongful discharge, discrimination and
workplace sexual harassment
·
The geopolitical legal environment—planning and
handling international business transactions
CAREER FIELD: Law and regulation cut across and
affect every field of business, and thus this course provides essential
background knowledge and practical advice for MBAs contemplating a career in
virtually any field of business activity, with a particular emphasis on what a
manager or advisor of a business needs to know about the law and the legal
process in order to effectively operate and run, or advise, a company, whether
a start-up or a going concern.
BIOGRAPHICAL SKETCH: Noel W. Nellis:
Adjunct Professor at the Haas Business School; partner (retired, 2013) at
Orrick, Herrington & Sutcliffe, LLP, San Francisco; BA, University of
California, Berkeley and JD, University of California, Berkeley (Boalt Hall). Mr. Nellis has
been teaching Managing the Legal Environment of Business (and predecessor
courses) in the Haas MBA program since 1995.