The Challenges
Cult.fit, a technology company, required comprehensive legal support for drafting, advisory, negotiation, and compliance management. As this was their first time having an in-house legal team, they needed flexible legal solutions that could adapt quickly to their dynamic business needs. The challenge was to provide rapid legal responses with short turnaround times (TAT) while maintaining flexibility to meet evolving business requirements.
Our Approach
As the single point of contact for all legal requirements, our approach involved a comprehensive and client-focused strategy. First, we engaged in regular conferencing to fully understand the client’s requirements and specific business use cases. We then educated the client and key decision-makers about the legal risks involved in their operations, ensuring informed decision-making. Lastly, we managed and executed contract management and compliance processes, streamlining legal operations to minimize risk and ensure regulatory adherence. This holistic approach provided Cult.fit with efficient and effective legal support tailored to their business needs.
Outcomes
We successfully implemented a one-working-day turnaround time (TAT), ensuring swift and efficient legal support for Cult.fit. By closely understanding the Founder’s requirements, we independently negotiated and finalized contracts with counter parties, streamlining the legal process and enabling quicker business decisions. Additionally, we effectively managed all legal requirements from the company’s incorporation to its eventual acquisition by India’s leading fitness company. This comprehensive legal support not only reduced delays but also ensured smooth transitions throughout Cult.fit’s business lifecycle, contributing to their successful acquisition.
