TL;DR: A Statement of Work (SOW) is the document that defines the specific work to be done, the deliverables, timeline, and price, for a particular project or engagement. It usually sits underneath a Master Service Agreement (MSA), which sets the overarching legal terms that apply across every project. The MSA handles the “how we work […]
Category Archives: Contracts & Agreements
30
May
May
TL;DR: A convertible note is a short-term loan that converts into equity when your next round triggers it. Convertible note agreement drafting decides the principal, the interest, the maturity date, the valuation cap, the discount, and the conversion triggers. These clauses control your dilution and your risk. Quick overview: This guide walks through what a […]
28
May
May
Quick overview: A SAFE looks like a two-page formality. It behaves like a long-term ownership decision. This guide covers exactly what a SAFE note review checks, the valuation cap divide that has opened up between AI and non-AI startups this year, why India requires an entirely different instrument than the US template, and what a […]
23
May
May
A force majeure clause is the part of a contract that excuses one or both parties from performing their obligations when something genuinely outside their control makes performance impossible, illegal, or impractical. The phrase is French for “superior force.” In plain terms, it is the clause that answers the question: what happens if neither of […]
21
May
May
Building a SaaS company in the United States involves a long list of priorities. Product, pricing, customer acquisition, infrastructure, hiring. Legal documents usually sit somewhere near the bottom of that list, treated as something to deal with later, once there is revenue, once there are real customers, once there is funding. The problem is that […]
19
May
May
Most founders are good at many things. Building product, selling to customers, recruiting a team, managing cash. Contract negotiation is usually not on that list, and for a very understandable reason: you learn it by doing it badly first. The problem is that the cost of learning contract negotiation through bad deals is not a […]
15
May
May
If you opened this page because you run a gym, a boutique fitness studio, a recovery lounge, a med spa, or any kind of wellness business in the United States, you already know that the legal side of this industry has gotten significantly more complicated in the last few years. Membership contracts, injury liability, health […]
13
May
May
There is a moment most startup founders recognise. A contract arrives from a customer, an investor, or a supplier. It is forty pages long. You are busy. The other side wants it signed this week. You scan the commercial terms, see that the price and the deliverables look right, and decide that the rest is […]
12
May
May
At a glance: an indemnity clause is a contract provision where one party agrees to cover specific losses, damages, legal costs, or liabilities suffered by the other party if certain events occur. These clauses are commonly used in commercial, SaaS, employment, and technology agreements to allocate financial risk between the parties. Depending on how the […]
11
May
May
Why a contract is the most important document your business will sign A business contract is a legally enforceable agreement that fixes, in writing, what each party must do, what they are owed, who owns what, and what happens when something goes wrong. For a startup or growing company, it is rarely the contract you […]