CASE STUDIES


Understanding Use Cases: Unveiling Our Product’s Strengths

a case for fd lite

Julian's Micromobility Journey🚀

BACKGROUND: 💭
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Julian Jiang is starting a micromobility company with his high school mate, Daryl.
Funding Level:💰
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Pre-Seed
Legal Need: 🤔
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Julian would like to have a co-founder agreement. He isn’t sure if the seed round will close, and he is on a tighter financial budget. At the same time, he wants to give Daryl comfort that the co-founder will be entitled to 50% of the equity in the startup.
FD Lite Solution: 🎯
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julian can use FD lite to download a co-founder agreement and tailor it to his needs.
Why FD Lite is better? ⚡
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Instead of giving Julian a generic template, FD Lite takes into other considerations.
Consideration #1: 💡
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The 50:50 split that could result in deadlock situations, and potential solutions when this arises.
Consideration #2: 💡
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What happens if one of the co-founder leaves mid-way through, since we know that this is a real possibility based on our experience in dealing with startups.

a case for a lawyer 


Kevin’s Saas Journey ⚠️

BACKGROUND: 💭
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Kevin Zhow, co-founder of an app-based lifestyle startup, faces concerning suspicions regarding his partner, Benjamin Zee.

After two years of collaboration, Kevin suspects Benjamin's involvement in a side business and potential mishandling of company funds, prompting the need for decisive action.
Funding Level:💰
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Pre-Series A
Legal Need: 🤔
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Kevin would like to buy over Benjamin’s shares and take full control of the company. He would also like to investigate if there has been any potential mis-management of company funds.
Solution:🎯
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Legal consultation
Reason: 💡
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Kevin would need to consult a lawyer to advice on the potential takeover strategies. A generic template will not be applicable. Kevin would also need to seek advice as to whether Benjamin may have breached any director duties, when he misused the company funds and his potential remedies.

a case for fd lite

tessa’s hiring journey🚀

BACKGROUND: 💭
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Tessa Low has successfully closed her Series A round recently, raising US$5 million for her fashion clothing startup.

In order to facilitate the company’s growth, Tessa would like to hire some employees and contractors to build her products and expand the business.
Funding Level: 💰
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Series A
Legal Need: 🤔
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Tessa does not have any specific concerns at the moment. However, she would like a reliable template that she can use, when hiring and onboarding new employees and contractors.
FD Lite Solution:🎯
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She can use FD Lite to download a cofounder agreement and tailor it to her needs based on our experience.
Why FD Lite is Better?⚡
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Instead of giving Tessa a generic template, FD Lite takes into the following 3 considerations.
Consideration #1: 💡
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The seniority of the employee. For example, C-suite employees may be subject to non-compete provisions and may hold certain board positions, whilst other employees will not
Consideration #2: 💡
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The type of arrangement that the employee is subject to. For example, whether the employee is a part-time employee that is allowed to take up other part-time gigs or not.
Consideration #3: 💡
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The nature of the engagement. For example, whether the the team member is an employee or an independent contractor.

a case for a lawyer

david’s retrenchment journey

BACKGROUND: 💭
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David Chen is a founder of a plant-based meat manufeaturing startup. As a result of the economic downturn, David is now looking to downsize the team and retrench certain members.
Funding Level:💰
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Series A
Legal Need: 🤔
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David is afraid that certain employees may start posting negative comments on social media and withhold information during the handover process.
Solution:🎯
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Legal consultation
Reason: 💡
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David would need a lawyer to advice on his rights as an employer under law, and analyse the employment contract that he has entered into with his employees. If necessary, the lawyer will draft a post-termination letter that David can use as he retires his employees and contractors from his company - whilst giving him an ease of mind that the process will be conducted smoothly.
  • Certainty
  • Affordability
  • Reliability

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FD Lite is a direct-to-consumer legal tech company providing high quality, affordable legal service without the need for direct interaction with lawyers. FD Lite only produces legal templates that have been reviewed and vetted by lawyers qualified in the relevant country.

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