Malaysian Bar Council’s scrutiny of Dragon Law continues legal innovation debate

Legal innovation in Malaysia image

On 1 June 2016, legal startup Dragon Law announced its entry into the Malaysian market, with a promotional launch offer of free access to their suite of legal documents for a limited time. Dragon Law first launched in Hong Kong in January 2015, and in Singapore in the second half of 2015.

For now, users in Malaysia will be able to find and customise legal documents, sign and share the documents electronically, and organise and store these documents in the cloud. Users in Hong Kong and Singapore have access to various other services, including personalised training, access to a legal drafting help desk and legal clinics, invitations to seminars and events, and legal support from the Dragon Law team and their network of lawyers. The subscription packages for Malaysia have not been announced, but the pricing in Singapore starts at SGD175 per month.

On 12 June 2016, a story in The Star (Legal start-up’s services scrutinised by Malaysian Bar) reported that Dragon Law‘s entry into Malaysia has come under the scrutiny of the Malaysian Bar. It was reported that Malaysian Bar President Steven Thiru has confirmed that Dragon Law‘s services were being studied.

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Law for startups — the complete series

The Law for Startups series based on the content of my workshop at the Malaysian Global and Innovation and Creativity Centre (MaGIC) is now complete.

It’s a basic introduction to legalities for startup founders, which also applies to small business owners.

My “Law For Startups” workshop at MA2015.

You can access the slides here.

This is the full list of posts on The Malaysian Lawyer:

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Law for startups — look out for common contractual landmines

This post is the final post in a series based on my Law for Startups workshop at MaGIC in September 2015. It’s a basic introduction to legalities for startup founders. You can access the slides here.

Read the earlier posts for context:

  1. Law for startups in Malaysia — building on the best foundations.
  2. The legal landscape in Malaysia for startups — a hybrid of traditional corporate practices and Silicon Valley models.
  3. Choosing the right business vehicle for your startup or small business in Malaysia.
  4. When should a startup hire a lawyer?
  5. Oversights which could destroy your startup or small business.
  6. The dangers of using “standard” or template legal documents.
  7. How startups can strive for clarity in contracts.

Having discussed in the above posts some principles which startups and small businesses should bear in mind when dealing with legal documentation, this post will address some of the more common contractual landmines — practical tips on some specific terms and conditions to look out for.

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How startups can strive for clarity in contracts

This post is a part of a series based on my Law for Startups workshop at MaGIC in September 2015. It’s a basic introduction to legalities for startup founders. You can access the slides here.

Read the earlier posts for context:

  1. Law for startups in Malaysia — building on the best foundations.
  2. The legal landscape in Malaysia for startups — a hybrid of traditional corporate practices and Silicon Valley models.
  3. Choosing the right business vehicle for your startup or small business in Malaysia.
  4. When should a startup hire a lawyer?
  5. Oversights which could destroy your startup or small business.
  6. The dangers of using “standard” or template legal documents.

A couple of posts ago, I explained the importance of bringing all the issues to the surface when reviewing contracts. This post will explain how to strive for clarity in contracts.

Turn to clear image.
Turn to clear vision.

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The dangers of using “standard” or template legal documents

This post is a part of a series based on my Law for Startups workshop at MaGIC in September 2015. It’s a basic introduction to legalities for startup founders. You can access the slides here.

Read the earlier posts for context:

  1. Law for startups in Malaysia — building on the best foundations.
  2. The legal landscape in Malaysia for startups — a hybrid of traditional corporate practices and Silicon Valley models.
  3. Choosing the right business vehicle for your startup or small business in Malaysia.
  4. When should a startup hire a lawyer?
  5. Oversights which could destroy your startup or small business.

Template and automated legal documents are increasing in popularity.

For years there have been many websites offering standard contracts for download. Most of these have a US/European law focus, but the past couple of years have seen some similar services launched in Asia.

Some of these websites offer a very comprehensive collection of legal documents which address the needs of startups and small businesses in particular — everything from NDAs to equity investment agreements are available for download, usually with a fee.

Say no to cookie-cutter contracts.
Say no to cookie-cutter contracts.

My cover slide for this part of the workshop reads: “Be very very very very careful when using standard contracts” — I’m not sure whether I should have added a few more ‘very’s to statement.

Business owners should be extremely cautious when using these legal documents.

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