Key Legal Considerations for SaaS Companies Eyeing Acquisition

For a Software as a Service (SaaS) company, being an attractive acquisition target involves a meticulous legal framework and compliance strategy. Here are key legal aspects a SaaS company should prepare for to enhance its appeal to potential buyers and facilitate a smooth acquisition process:

The Importance of Contract Lifecycle Management

A software-as-a-service business will enter into dozens, if not hundreds of contracts annually. These contracts include those with vendors, customers, partners, employees, contractors, and more. This makes contract lifecycle management (CLM) increasingly important. Efficient management of these contracts is crucial for business success, ensuring compliance, minimizing risks, and maximizing operational and financial performance. This post will give you a high level overview of the importance of contract lifecycle management.

The Anatomy of a Referral Agreement

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.

Creating a Contract Negotiation Playbook

Creating a Contract Negotiation Playbook

Streamlining the sales process while appropriately protecting the company is a top priority for any organization selling goods or services. Deals can get held up by negotiations, especially during crunch time like End of Quarter. That’s why it is good practice to create a contract negotiation playbook to be shared with sales, procurement and legal. This post will give you an overview of how to create a contract negotiation playbook.

High Level Overview of Autorenewal Laws

High Level Overview of Autorenewal Laws

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.

Key Provisions to negotiate in your SaaS Vendor Contracts

Key Provisions to Negotiate in your SaaS Vendor Contracts

Companies across all industries use the services of software as a service (SaaS) vendors to help simplify running the business. Almost every SaaS vendor you use hosts a treasure trove of your company data – and you want to make sure you’re contractually protected. Here is a high level overview of key provisions that you should review, re-review, and hammer down on with every SaaS agreement you sign.

14 Agreements and Policies Every Software as a Service (SaaS) Company Should Have

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.

Must-Do's for Companies Ready to Level Up

Must-Do’s For Companies Ready to Level Up

When you start a technology business, money may be tight, and you may have cut a few corners without a proper ‘legal’ budget because the focus is on development. This is a fairly common practice – but when you are ready to level up and sell to Enterprise companies, explore funding opportunities, or discussing acquisition – there are a few things you must put priority on. This article will give you a high level overview of Must-Do’s for Companies Ready to Level Up.

The Anatomy of a Software Development Agreement

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.