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5 Tips For Contract Redlines – Contract Negotiations Made Easy
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Contract redlines and the contract negotiation process is one of the core things that slows down your sales cycles. Whether you’re looking to get sales in the door faster for you B2B startup or you’re working in a startup as a legal practitioner redlines can be a source of stress. Over the years of managing…
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Contract Automation – A Guide For Your Startup
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When you’re immersed in building a startup, optimizing your limited time becomes crucial. Focus on tasks that truly impact your progress, and consider outsourcing or automating the rest. One area that often demands significant time is contract management, including contract drafting, contract redlining, and contract negotiation. Streamlining these processes through automation allows you to allocate…
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What You Need To Know About Contractual Obligations
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When you’re building your startup you’ll be getting into the thick of things with your startup sales contracts. As you agree to these contractual obligations, they will have ongoing implications on your business operations and service delivery. Contractual obligations refer to specific duties and responsibilities agreed upon by each party (the SaaS startup – you,…
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Contract Termination – A Guide For Startups
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Building your startup is a long and gruelling exercise. Especially when it comes to the business building side of things. As you bring on more customers and employees you’ll get building a number of contracts. Each contract outlines the roles, responsibilities, and conditions for termination of the buyer and seller. Although every contract is unique…
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What Is Due Diligence? A Quick Guide
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The question of what is due diligence will have a number of answers depending on the context. When it comes to SaaS (Software as a Service) startups, due diligence refers to the comprehensive investigation and assessment process that potential investors, acquirers, or partners undertake to evaluate the viability, value, and risks associated with the company.…
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The Indemnification Clause in Commercial Contracts
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SaaS and startup contracts aim to define services’ terms and conditions, ensuring both parties grasp their rights and responsibilities. One part of every SaaS sales contract that will be up for negotiation with B2B customers is the indemnification clause. The indemnification clause in commercial contracts can be a powerful risk mitigation tool. These clauses allocate…
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What Is A Clause In A Contract?
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If you’re embarking on your startup journey and contracts are a new territory for you, you might find yourself asking, “What does a clause in a contract entail?”. Understanding the legal jargon that you’ll encounter while building your business will help you negotiate with customers and close more deals faster. So, enough of the fluff,…
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What Is Legal Compliance?
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If you’re asking yourself ‘what is legal compliance’ you’ve probably reached an inflection point in your business that risk is keeping you up at night. This is particularly an issue for startup companies who often kickoff business operations with little to know legal guidance. Running a lean ship is a great way to get started…
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How To Track SaaS MRR
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MRR, or Monthly Recurring Revenue, is THE metric for SaaS startups. There are hundreds of useful metrics that come after it. But if you don’t know how to track SaaS MRR for your startup you need to learn. Fast. It represents the predictable and steady income generated from subscription-based services on a monthly basis. To…
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