Foundation Stage
Analyzing Your Scenario
Generally, what is observed across the world is that in the eagerness to launch a business, legal fundamentals are often overlooked by the entrepreneur in the foundation stage. Starting your organization with the “first principles” correct is the most challenging step. Establishing a strong legal foundation is essential to protect your business and position it for upcoming success.
It is utmost essential to have your standard agreements in place at the very outset. For e.g., if you run a distribution business, then you need to get your standard Distribution Agreement in place. Similarly, if you are an IT Company, you need to have your Master Service Agreement (MSA) along with SoWs.
Being in the starting stage, during most of the times, your clients/vendors/licensors will be pushing their standard contracts on to you. Here, it is important to understand that the restrictive/negative clauses in these agreements might not only impact your current business but also your future growth.
Through right guidance, policies, and contracts in place, we'll have you running like a polished, professional business in no time.
Depending on the business direction, you may require the following contracts:
As per your main business, you need to have your standard agreements in place at the very outset. For e.g., if you run a distribution business, then you need to get your standard Distribution Agreement in place. Similarly, if you are an IT Company, you need to have your Master Service Agreement (MSA).
If you have passed the Foundation stage, please click Growth Stage to know about your contractual requirements during your next business cycle.
Need Business Growth & Success through Proactive Legal Risks Management?
If you would like to discuss your situation/requirements, kindly provide your details, and we'll reach out to you. We strive to respond to all inquiries within 24 hours. Needless to add, but reminding you that your initial consultation is free of charge and comes with no obligation to proceed.
