SaaS Contract Attorney and Software Lawyer in New Jersey drafting SaaS contracts, software licensing agreements, app development agreements, website terms and conditions and privacy policies for SaaS, Technology, Cloud, Mobile App, Software, NFT, Blockchain, Web3 and E-Commerce startup companies, vendors, customers, platforms, Delaware C Corporations and entrepreneurs across the US. Call Andrew S. Bosin at 201-446-9643 for free consultation. Or, you can email Andrew at: andrewbosin@gmail.com.
Andrew is one of the few SaaS Attorneys who has actually built, launched and scaled a startup company with partners. While he was building his startup law firm Andrew took the time to also build a Delaware C Corporation SaaS company as its General Counsel. The experience that Andrew gleaned in participating in the company’s software development, legal, marketing, sales and business processes was nothing short of priceless. Every week Andrew gets calls from SaaS entrepreneurs telling him about their experiences in trying to build and scale their companies and unlike most attorneys Andrew understands exactly what they are going through in doing the startup grind.
One of the most experienced software licensing attorneys and SaaS lawyers Andrew S. Bosin, Esq. can review or negotiate MSA & SOW agreements for software development. Andrew offers free initial consultations on creating, preparing and drafting SaaS template agreements, samples, contracts, forms, subscription agreements, customer agreements, samples, MSA agreements, sales agreements, reseller agreements, EULA agreements, enterprise agreements and services agreements.
SaaS Attorney Andrew S. Bosin LLC is located in New Jersey outside of New York City and represents SaaS, Software, Cloud, Technology, Big Data and Mobile App startups, companies, vendors, entrepreneurs and Delaware C Corp founders in Salt Lake City, Utah, Los Angeles, Raleigh and New York City.
Andrew also represents clients in Silicon Valley, Columbus, Ohio, Phoenix, Boston, Atlanta, Tampa, Long Island, Nashville, Dallas, Indianapolis, Charlotte, Albany, Denver, Washington DC, Las Vegas, Miami, Houston, San Jose, CA, Austin, Orlando, Connecticut, San Diego and Chicago.
Flat Fee Startup Legal Packages
One of the things that Andrew offers to SaaS, Cloud, Software, Internet and Technology startup clients is the financial certainty of knowing that the legal work that Andrew performs on their behalf will be completed for a flat rate, fixed fee. Because he also built and scaled a startup company Andrew understands how vitally important it is for startups to have a grasp of their finances. And, equally important is how much their legal work is going to exactly cost them. The problem with startups seeking advice from big law firms is that most big firms are not equipped from a client billing perspective to accept matters on a flat fee basis. Truth be told, with a flat fee, the startup Law Firm is taking a risk with its time in promising to the client that it will be able to complete the project for the flat fee price quoted. Sometimes, a lawyer spends more time than he or she calculated they would need to do to complete a project for a startup client but that’s the give and take with a flat fee.
The business startup package offered by Andrew’s law firm bridges the gap between big law firms with sky high legal rates and DIY services that do not provide any actual legal advice.
The first step in the Process is a Zoom session where Andrew and the startup client determine the most appropriate business entity structure. Those clients that have numerous founders, anticipate clients being all across the US and have the need to do an investor capital raise will typically opt for incorporating as a Delaware C Corp.
One of the advantages that Andrew has over most lawyers is that he was an owner and General Counsel for a SaaS Company, a Delaware Corporation over a five year period during which time he performed just about every legal function related to incorporation, issuing stock to founders and investors, closing capital financing rounds and negotiating investor agreements.
Because legal and tax considerations are important in having the ability to decide on the right business entity for a startup company, your accountant or tax advisor should be part of this discussion also.
In offering a Startup Legal Package, Andrew will do the following:
-Make an introduction to an incorporation company in Delaware that will get your company incorporated, shares issued and tax ID number from the US government.
-Draft C Corp bylaws, board resolutions, founder shareholder agreements, founder IP Assignment Agreements and IRS 83(b)(6) filing documents.
-Draft NDA’s, Advisor Agreements, Independent Contractor Agreements, Non-Compete and Non-Solicitation Agreements and Employment Contracts.
One of the critical pieces in developing SaaS software is in the beginning stages where the client and developer create drawings, wireframes and schematics and try to get on the same page to understand exactly what needs to be built.
The last thing you want to have happen is to spend a lot of money having a SaaS application developed only to get a product that does not function properly or not according to your specifications.
Andrew also saw first-hand how the whole software development process comes together with the developer reaching milestones or certain phases where pieces of the software are finished such as the front end and back ends.
And, Andrew has also personally raised capital for his startup and closed four financing rounds. Andrew also met with and spoke with dozens of potential clients and investors, including VC’s.
Why is this important? It’s because inevitably SaaS startups will seek out investors and Andrew can provide guidance about the process from start to finish.
Andrew’s experience in building a SaaS startup has been priceless. Clients seek Andrew out not only to help them draft SaaS contracts and agreements but also to help them build and scale their companies.
Andrew, because of his own startup experiences also helps clients understand the differences between recurring and non-recurring income.
Recurring income is your company’s steady group of customers that renew their contracts year after year.
Non-recurring income is something that is short term or purchased one time such as buying movie tickets or some groceries.
Andrew also helps tech startups close capital financing rounds whether its from an angel or from friends and family. Andrew also reviews and advises on VC term sheets.
In trying to meet their capital needs it is typical that tech startup founders obtain early round financing from their own savings or founders bootstrapping together or from friends and family.
It is common for friends and family to invest anywhere from $5,000 to $200,000. Typically, these close connections are willing to risk their own money because they want their loved ones or friends to succeed.
While taking money from close friends or relatives is convenient and might cause the startup not to enter into formal agreements with the investors if things go wrong and the investor loses their money it is possible despite the close relationship between the parties that the startup or company founder could get sued by the friends or family investor.
That’s why it is good corporate practice to enter into formal agreements with all types of investors. Startups should also make sure that the investor is qualified under the law to invest money in startups.
Startups should also provide whatever documentation about the startup that the investor requires so that the investor can make an informed decision about the investment.
Angels in some ways are the same as friends and family investors and in some ways they are different. Typically, angels invests as small groups in certain industries.
Angels typically have more experience investing in early stage pre-growth companies than friends and family investors. While friends and family investors provide capital for companies at the very early stages usually right before or after incorporation angel investors typically invest in companies that have built a product and inject between $150,000 and $2,000,000.
Also, angel investors unlike friends and family investors do not personally know or have a relationship with the startup and they are looking for a return on their investment.
Angels also should add their experience to the startup and act as a mentor which typically does not happen with friends and family investors.
Perhaps a SaaS vendor holds an event and gets five customers out of it. There is no guarantee that these customers will be recurring income. Please read Andrew’s article on SaaS Startup Tips. https://saas-lawyer.com/saas-lawyer-1/f/saas-startup-tips
Information Technology (IT) Agreements
Andrew is also highly experienced in technology-centric business transactions and licensing in the ever-evolving and growing IT landscape.
When legal issues are formed by complex technical factors, Andrew has the ability to understand his clients’ business goals and needs.