LEAB study plan
LEAB · Give each week a clear focus.
8 weeks · About 6 hours per week
Legal Environment and Regulatory Framework
Map the regulatory bodies and statutes that govern business conduct in the exam's jurisdiction, creating a one-page reference sheet.
Explain the hierarchy of laws (constitutional, statutory, regulatory, case law) and how each affects commercial activity.
Identify key compliance obligations under consumer protection, antitrust, and data privacy statutes.
Outline the administrative agency enforcement process, from investigation to appeal.
Your checkpoint
A 2-page regulatory framework cheat sheet listing agencies, statutes, and enforcement steps.
Contract Law and Commercial Transactions
Distinguish the elements of contract formation (offer, acceptance, consideration, capacity, legality) with examples.
Analyze the Statute of Frauds categories and apply them to hypothetical transactions.
Compare remedies for breach (damages, specific performance, rescission) and calculate expectation damages.
Explain the UCC's impact on sale-of-goods contracts, including implied warranties and risk of loss.
Your checkpoint
A 10-question self-quiz on contract formation and remedies with answer rationales.
Contract Law and Commercial Transactions & Business Organizations and Governance
Differentiate the legal characteristics of sole proprietorships, partnerships, LLCs, and corporations.
Describe the fiduciary duties of directors and officers and the business judgment rule.
Outline the process of forming a corporation and the roles of shareholders, board, and officers.
Identify securities law basics relevant to business governance (e.g., disclosure obligations).
Your checkpoint
A comparison table of business entities and a 1-page memo on fiduciary duties.
Employment and Labor Law
Classify workers as employees or independent contractors using the relevant multi-factor test.
Summarize major employment statutes (e.g., wage and hour, anti-discrimination, family leave) and their coverage.
Explain the process for handling discrimination and harassment claims, including retaliation protections.
Describe employer obligations regarding workplace safety and workers' compensation.
Your checkpoint
A 15-question practice set on employment law with a scored answer key.
Intellectual Property and Technology & Ethics, Compliance, and Professional Responsibility
Distinguish the four main types of intellectual property (patent, copyright, trademark, trade secret) and their protections.
Apply ethical rules for attorneys and compliance professionals, including conflicts of interest and confidentiality.
Explain the requirements for patentability and the process for trademark registration.
Analyze a scenario involving misappropriation of trade secrets and recommend legal and ethical responses.
Your checkpoint
A case brief on an IP dispute and an ethics checklist for compliance officers.
Risk Management and Dispute Resolution
Compare litigation, arbitration, mediation, and negotiation as dispute resolution methods.
Outline the steps in a civil lawsuit, from pleadings to appeal, and identify key deadlines.
Explain the enforceability of arbitration clauses and the role of the Federal Arbitration Act.
Identify risk management strategies such as insurance, indemnification, and limitation of liability clauses.
Your checkpoint
A flowchart of dispute resolution options with pros and cons and a risk mitigation plan.
Legal Environment and Regulatory Framework & Contract Law and Commercial Transactions & Business Organizations and Governance
Review and integrate regulatory, contract, and business organization concepts through mixed practice questions.
Complete a timed 30-question mock exam covering domains 1-3.
Review incorrect answers and create flashcards for weak areas.
Revisit any regulatory updates or recent case law that may impact exam content.
Your checkpoint
Mock exam score report with a list of top 5 weak topics and a study plan for them.
Employment and Labor Law & Intellectual Property and Technology & Ethics, Compliance, and Professional Responsibility & Risk Management and Dispute Resolution
Complete a full-length timed practice exam covering all domains.
Review all missed questions and reinforce key rules with concise summaries.
Practice scenario-based questions that integrate multiple domains.
Finalize a one-page master summary sheet for last-minute review.
Your checkpoint
Full-length practice exam score with a final review checklist and summary sheet.
Milestones
Week 2: Score at least 70% on the contract law self-quiz and correctly explain the Statute of Frauds categories.
Week 4: Achieve 75% or higher on the employment law practice set and accurately classify worker status in 3 out of 4 scenarios.
Week 6: Successfully map all dispute resolution methods and draft an enforceable arbitration clause.
Week 8: Score 80% or higher on the full-length practice exam and complete the master summary sheet.