Legal document is one of the essential elements in running a business. However, legal matters terms and system tends to be complicated, especially for entrepreneurs who are just starting their small and medium-sized business. Rieke Caroline established PT Legal Tekno Digital in 2016 when she saw there’s an opportunity to help SMEs to prepare legal document for their business.
The company runs the website KontrakHukum.com to connect SME clients with legal professionals that will provide assistance in contract drafting and review, business entity establishment, as well as trademark registration. SME clients need to simply fill the form and submit required files on the website and the KontrakHukum will connect them with legal professionals with expertise on respective cases.
“Our purpose is to make legal services easier to access with affordable fees and fast process,” says the company Founder and CEO Rieke Caroline on Power Lunch event by GDP Venture recently. “Start-up and SME are growing in Indonesia, but no one recognizes this market demand for legal assistant. So we see the opportunity here.”
Rieke says the company curates its legal professional partners to maintain high standard, emphasizing quality over quantity. Now, KontrakHukum works with 80 lawyers, 20 notaries and five Intellectual Property (IP) consultants. Nonetheless, the company claims it could deliver the first draft of a contract within three days.
KontrakHukum is backed by Kaskus, a subsidiary of Martin Hartono’s GDP Venture, that invested an undisclosed amount to the company in November 2018. Along with the investment, this year KontrakHukum is collaborating with Kaskus to make television series contents that aims to educate and raise the awareness of entrepreneurs and SMEs on legal matters.
“Most start-ups and SMEs know nothing about legal as they prioritize the products and marketing first. Meanwhile, problems usually occur when the founders separate while there’s no shareholder agreement, the product trademark has not been registered, or when they about to take investment but they haven’t established a business entity,” Rieke explains.
So far, the company claims to have approximately 2,500 users on their website and currently handles 130 legal projects.