Building a referral partner program is a method often employed by Software-as-a-Service (SaaS) companies to grow without the need to hire tons of sales representatives. There should be an appropriate written agreement in place between your business and the referral partner outlining how the arrangement will work with provisions to protect your business.
Automatic renewal provisions in contracts have been under increased scrutiny. On a national level, The Federal Trade Commission (FTC) has been regulating this for decades using Section 5 of the Federal Trade Commission Act. More recently, The Consumer Financial Protection Bureau has gotten more involved – filing suits with regards to companies taking advantage of Consumer’s “dark patterns”.
In the past decade, States have enacted “automatic renewal laws” that businesses must adhere to in order to protect consumers in the state. As of December 1, 2022 – 31 states have automatic renewal laws in effect. No two states automatic renewal laws cover the same types automatically renewing contracts, but there are a few commonalities. This post will give you a high level overview of autorenewal laws.
If your software-as-a-service business handles the personal data of people in countries, you should get familiar with data privacy laws across the world – because you’re likely bound to them and your customers will require that you comply accordingly. If you violate the laws, you may be liable for hefty fines (or worse).
This goes for the personal data of people in the European Union, United Kingdom, Brazil, Israel, Argentina, Russia, or countless other countries. So – what steps do you take to make sure you are compliant?
If you’re running a software-as-a-service company, you should have several key agreements and policies in place protecting your company, your intellectual property, and your investors. These agreements will become important during due diligence with any Investor or potential Acquirer. Here are 14 important agreements and policies every SaaS company should have, broken down into 3 categories.
Companies small and large often employ the help of software development firms to build their products. Some eventually hand-off to an in-house team, and others keep the firms to act as their engineering team. Regardless of the arrangement, there should be a clear agreement in place between the hiring company and the software development firm outlining specifics.
Running a Software-as-a-Service (SaaS) company requires a continuous understanding of laws, regulations, legal precedence, and industry standards – because they’re changing all the time. That’s where a Product Counsel comes in.
If you’re selling software to larger organizations, chances are the legal department needs to get involved to negotiate some specific provisions in your software license or SaaS agreement (depending on what kind of software you sell). The key here is to make sure you are protected, while still coming to an amicable agreement with your customer. This post will give you a high level overview of 6 key provisions that your customers are likely to negotiate with you on.
An Employment Agreement Package are the documents executed between your company and a new employee. Making sure this package has all the necessary documents and provisions following relevant state and local employment regulations, as well as keeping your best interests in mind is important to make sure you are protected. This post will give you a high level overview of what goes into an Employment Agreement Package for a non-executive member of your team.
Having appropriate business insurance policies in place can be your saving grace. This post will give you a high level overview of business insurance, the different types of policies available, and why it is important for your business.
Data security is important for software companies. because most, if not all, are handling some sort of sensitive data. Data security incidents happen, and they will keep happening. It’s in your best interest to mitigate data security incidents as much as possible. This post will give you a high level overview of what you should do to mitigate data security incidents, and be prepared if/when it happens to you.
Software is eating the world. If your business builds Software as a Service (SaaS) products, there are quite a few measures that you should be taking to legally protect your business. This post will give you a high level overview of how to protect your SaaS business.
If you’re running a Software as a Service (SaaS) business, your customers will expect a Service Level Agreement (SLA) from you. This post will give you a high level overview of SaaS Service Level Agreements, and what should be included in them.
Many of the companies you interact with every day either own, or are, subsidiaries of another company. For example, Alphabet Inc. is the parent company, and Google is a subsidiary. This post will give you a high level overview of corporate subsidiaries.
If you have a website conducting business – whether you’re a Software as a Service (SaaS), eCommerce website, or a service provider – you should have website terms and conditions published and accessible to the public. This post is outlines 18 provisions your website terms should have and what they mean.
You’ve been working on your idea for a few months now with a cofounder, and you think you have something tangible. You want to make it ‘real’ by incorporating. You’re thinking LLC because you hear that it’s ideal for taxes …