Product Dev.

session
19 May 2022

Dr. Valentin Knobloch

Founder Institute – Confidential Information

 Overview
The “legal stuff”...
Foundation & agreements among founders
IP law
Regulatory & compliance
Data protection and privacy
Risk
IT security
Commercial Agreements
Labour Law
Capital Markets
etc.
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 My product & “legal stuff”
Why should I define my product from a legal perspective?
● Regulatory requirements → Do I need a banking licence?
● Compliance/Governance → Regulatory compliance? AML? Environmental compliance?
Food law? Website/Imprint? Processes in place (Audit, Reportings, etc.)?
● Data protection and privacy → Any particular GDPR requirements? DPA? Privacy policy?
● IT security → Identifying and protecting my sensitive data & information? Processes in place?
● Risk management → Do I have to set up internal process for reporting risks?
● Commercial Agreements → Who provides which service? And to who? T&Cs or individual
contracts?
● Legal setup → White label solution? Technical service provider? IaaS, PaaS, SaaS?

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 My team & “legal stuff”
What impact does the “legal stuff” have on my team?

● Labour Law → Work/Study contracts? Documentation requirements?

● Data protection and privacy → Have I trained my employees?
● Risk management → Have I trained my employees?
● IT security → Have I trained my employees?
● ESOP/VSOP → Social security? Company’s accruals?

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 How to…
… get my legal advice (without spending all my money on it)?

● Internet → google it, find standard templates, check competitors documentations,

Startup Best Practices Library, etc.
● Networking → Talk to other startups, friends, colleagues, etc.
● Startup programs → Founder Institute, incubators, etc.
● Specialised Platforms → … for startups.
● Specialized lawyers → … for very specific questions.
● Advice for participation → Find a lawyer who accepts to be paid in participations.
● …

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 Don’t fear the legal stuff!
&
When designing your product,
always include the legal stuff!

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 Contact
Email: valentin.knobloch@de.andersen.com
LinkedIn: Dr. Valentin Knobloch

Thank you!

Founder Institute – Confidential Information