How a Business Hired a Lawyer to Review a Service Agreement in New York (2024)

In 2024, a business in New York sought assistance with the review of a service agreement related to its upcoming role as a blockchain analyst. The client was poised to sign an agreement with a foundation but had concerns regarding the potential classification of a previous independent project as the foundation’s property, prompting a need for legal review to ensure their interests were protected. This situation underscored the importance of clarity and safeguarding intellectual property prior to formalizing the business relationship. As a result, the client received seven proposals from licensed lawyers, with flat fee bids ranging from $300 to $500, all submitted to meet the client's urgency within the requested timeframe of less than a week.