Learn to create, negotiate and close sales contracts
Read about best legal practice from those that have scaled startups before, from new customers to due diligence
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Difference Between A Statement Of Work And A Work Order
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When building your startup’s legal paperwork and SaaS legal operations, you’ll encounter two terms: Statement of Work and Work Order. Both play integral roles in your contracting and contract administration. They serve different purposes, depending on what you sell, who you sell to, and your average sales value. This blog post aims to clarify the…
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How To Write Terms And Conditions For A Startup
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Terms and conditions for a startup are a tricky thing to get right. In fact a lot of startups take more of a get something in place and iterate on it approach. This is generally effective because by their very nature startups are building and iterating on a product. As your product grows so do…
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Can I Use ChatGPT to Generate Legal Contracts?
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The use of artificial intelligence has revolutionized many aspects of our workday. But it has also triggered a mountain of privacy and intellectual property issues. One question that we’ve been getting asked a lot is whether or not your startup can use ChatGPT to generate legal contracts. With language models like ChatGPT, many individuals and…
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What is Legal Operations?
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Legal operations, often referred to as “LegalOps,” is the strategic and data-driven approach to managing the legal function within an organization. It encompasses a wide range of activities, from managing contracts and regulatory compliance to vendor management and optimizing legal technology. In the context of SaaS startups, legal operations become even more critical as these…
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Ten Tips For Contract Data Management
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Looking for a source of truth for your startup’s reporting? Struggling to rely on the seemingly random numbers that your sales team saves in Hubspot or Salesforce? Contracts often provide the most reliable data. After all that is the legal representation of your sale, it should be correct. To begin using contracts as a source…
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Contract Management: Contract Naming Convention Generator
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Internally, as he hadn’t used a contract naming convention generator, Stan in sales couldn’t locate the latest version of the “Fed Express Inc Deal,” and so, he proposed something that sounded more like a “Fast Mail Contract.” Lisa in the legal team sighed in disbelief, aware that this had nothing to do with the name…
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Using Sharepoint For Contract Storage
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SharePoint is an excellent choice for startups to store their contracts for several reasons. SharePoint, being part of the Microsoft 365 suite means it seamlessly integrates with other essential business tools like Microsoft Word, Excel, and Outlook. Using Sharepoint for contract storage means that this integration streamlines the creation, management, and access to contracts, providing…
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Best Tools for Contract Storage: PDF Contracts for Startups
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Managing contracts is a fundamental part of any business operation, and for SaaS companies, it’s especially crucial. Contracts are the backbone of customer relationships and revenue generation. They are also a cause of untold hours of manual search. Storing these documents efficiently and securely is extremely important to cut down on manual search, ensure compliance,…
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Using Google Drive For Contract Storage
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Google Drive is an excellent choice for startups to store contracts due to various reasons. Many startups opt for Google Drive because of its user-friendly interface, facilitating easy access, management, and collaboration on contract documents for both team members and external legal teams. With ample storage capacity, it caters to a startup’s growing document needs…
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