How a Computer Software Business Hired a Lawyer to Draft a SAFE Note in Texas (April 2022)

In 2022, a business based in Texas sought assistance with drafting a SAFE note as it prepared to raise seed investment. The client had been investing personal funds into a software venture for over a year and was now ready to formalize agreements with potential investors. Unsure whether both an investment agreement and a shareholder agreement were necessary, the client prioritized obtaining clear documentation to protect their interests and facilitate the investment process. As a result, the client received four proposals from qualified lawyers, with flat fee bids ranging from $950 to $1,500, all of which were submitted with the aim of meeting the client's deadline of one week.