SAFE note
SAFE notes are a great way for founders to raise money. We can help you prepare a founder-friendly SAFE note and set you on the path to being funded.
The price is exclusive of GST, tax will be calculated during the checkout.
Protect yourself with bespoke legal documents
Don’t risk your business with a DIY template, an auto generated legal document or an unsuitable law firm.
Our team of expert commercial lawyers will tailor bespoke legal documents to suit your unique needs and prioritise the commercial considerations for your business success.
What you get:
- Free consultation
- Done for you tailored legal documents to suit your needs
- Initial drafting and review + one round of amendments
- Practical legal advice
- Fast turnaround times (5-7 days)
SAFE is the new instrument for raising money
You want to raise money, but you don’t want to provide equity just yet because you have no way to value your company. You’ve thought about a convertible note, but you are worried about the possibility of having to pay back the loan amount and interest. This is where SAFE (Simple Agreement for Future Equity) comes in. You can think of SAFE as a convertible loan, without the debt aspect. Essentially, an investor will pay a company for the right to convert that cash into shares when a ‘trigger event’ happens (a typical trigger event is the closing of an equity round). As a founder, you may find SAFE to be the desirable, simple and less risky option for you, but you need to understand what the best-practice is when negotiating the arrangement. You should always remember the standard templates for SAFEs were prepared on behalf of investors, and not founders – as such, they are usually biased in favour of the investor.
You need to understand whether it’s right for you
SAFEs carry benefits for both startups (who can delay their valuation) and for investors (who are rewarded with potentially discounted shares for investing early). For both parties, however, it is crucial that you understand the risks of pursuing this path and protect yourself as much as possible. Although SAFE has fewer terms than convertible notes, you must clearly define the ones that matter (terms, discount and exit event mechanisms), otherwise you leave yourself unaware of your obligations, your business targets, and the financial risk. Without understanding and establishing terms to be clear-cut, you may get bogged down by costly disputes internally and externally, halting your company’s growth (and your chances of raising again).
We assess your circumstances and make recommendations
UX Law are experts in all ways companies can attain finance. We can provide you with strategic legal guidance, creating and tailoring a SAFE note to achieve your financing needs. Every company and investor is different, so we’ll assess your circumstances, then draft and negotiate the key terms for you.
Frequently asked questions
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The simple way to buy legal protection
Enjoy fixed fees, discounted packages, and fast turnaround times.
- Order a document or package
Order the individual legal documents you need or save money by upgrading to a bundled package. - Talk to us
We’ll call you in the next 48 hours to confirm your details and needs. - Fast turnaround times
Our team of expert commercial lawyers will draft bespoke documents to suit your needs within 1 week. - Implement protection
Start using your new legal documents in your business to operate with protection and confidence.
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Built to empower startups and entrepreneurs, here is how we aim to set you up for success.
Expert commercial lawyers
Receive practical legal advice in uncomplicated English that prioritises the commercial considerations for your success.
Fast & responsive turnaround
Gain the speed advantage over your competition with our fast turnaround and responsive communication.
Fixed fee packages
Forget the 6 minute billables. Enjoy the transparency and affordability of our fixed legal fees, tailored to your needs.
Hear from our happy clients
We happily support startups and entrepreneurs in over 30+ industries all across Australia.
UI/UX Design Studio
5“Highly Recommend”
Been working with Doron for quite some time now. Always loved the responsiveness and professionalism. Highly recommend.
Philippe Hong Founder & Director @ Raw Studio @ Raw Studio
Software development agency
5“Ideal for any startup business”
Doron from UX Law has helped my startup and my software development agency with matters such as shareholder agreements, terms and conditions, development agreements, employment issues, debt collection, IP advice and much, much more. Besides his obviously high quality advice, Doron’s fast turnarounds, approachability and commercial understanding make him ideal for any startup business.
Vaibhav Namburi Director @ Five2One @ Five2OneWe helped with:
- Contracts
- Employing staff
- Protecting IP
- Setting up
Social e-commerce
5“Very knowledgable & very responsive”
UX Law and Doron have been excellent in supporting our business. Very knowledgable and very responsive which is important in fast-moving start-up space for us. They’ve recently advised us on a large capital raise as well as many other things along the way. Highly recommended!
Mat Colbron Co-founder @ Tell Me Baby @ Tell Me BabyWe helped with:
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Digital marketing platform
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Doron and the team at UX Law have a unique combination that is missing in many legal firms. They have wide knowledge across the legal spectrum with a personal touch. They truly partner with businesses they work with and are always in your corner when needed.
Shai Luft Co-founder @ Bench @ BenchWe helped with:
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Catering and Hospitality Platform
5“Sort your stuff out and move forward with a clean slate”
Doron and UX Law have been amazing sorting out through the mess other lawyers and advisors created in our business. We had a great deal of things and an endless list to be done which Doron has fearlessly been acting towards finishing as soon as possible. Progress has been great and since we got Doron on board we managed to fix up all past issues and even move into new avenues for the business like on-boarding investors. Would highly recommend him for any startup looking to raise funds. Sort your stuff out and move forward with a clean slate rather than a mess in the backyard that will prevent you from raising capital.
Petko Petkov Chief Executive Officer @ CHEFIN @ CHEFINWe helped with:
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Medical Supply Services
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The Staff at UX law have facilitated a seamless transition into the small business world. They are exceptionally efficient and never leave you waiting! Doron has allowed my business to thrive in the beginning stages and allowed us the directors to be able to focus on the business and have the best plan in place to better it! We are truely grateful for all the help and service UX law provide.
Shannon Hurvitz Podiatrist @ Pods Equity @ Pods EquityWe helped with:
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Food & dining
5“Took away all the stress”
Extremely professional, reliable & efficient. Made the sale of my business very easy and took away all the stress of trying to understand a complicated contract. Doron was very easy to work with and I’m looking forward to working with him and his team in the future. I highly recommend their services.
Giorgina Venzin General Manager @ Venzin Group @ Venzin GroupWe helped with:
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Cosmetic
5Easy to deal with and great results
UX Law is a responsive and transparent law firm which understands emerging companies. We appreciate their legal expertise, practical approach and fast turnaround times. Easy to deal with and great results.
Robbie Miller Co-Founder @ ZitStickaWe helped with:
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Co-working space
5“Got us out of a situation that could’ve been catastrophic”
Fantastic service, Always made themselves available when needed. Great advice and got us out of a situation that could’ve been catastrophic for our business and very reasonably priced especially when compared to quotes from other firms. Highly recommend.
Alexander Eisman Founder @ Aeona @ AeonaWe helped with:
- Contracts
E-commerce
5“Very open, pragmatic and customer focussed”
Doron has been invaluable in assisting our startup get the foundation contracts and governance pieces in place. I have found him to be very open, pragmatic and customer focussed in supporting us both in advice and fee structure. I would highly recommend UX Law for any startups seeking help to build a solid foundation for their business to grow.
Stuart Maher Co-founder & CEO @ Coffee Better @ coffee betterWe helped with:
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The Startup Package
- Unlimited contact us via phone or email*
- Legal health check
- Shareholders Agreement
- Software development agreement OR Terms for online businesses and software
- Trademark
The Legal Advisor Package
- Free consultation
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- Bundled package discounts
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