1. Confidentiality Clauses

  • Scope of information covered
  • Duration of confidentiality
  • Exceptions to obligations
  • Return or destruction of information

2. Termination Rights

  • Conditions for termination (cause, convenience)
  • Notice periods
  • Consequences of termination

3. Indemnity & Liability

  • Mutual vs. unilateral indemnity
  • Caps on damages
  • Exclusions (e.g., consequential damages)

4. Intellectual Property (IP)

  • Ownership of created work
  • Licensing rights and restrictions
  • Use of trademarks and branding

5. Payment Terms

  • Invoicing schedule
  • Late payment penalties
  • Reimbursement of expenses

6. Governing Law & Dispute Resolution

  • State or country of jurisdiction
  • Mediation or arbitration clauses
  • Venue for dispute resolution

7. Representations & Warranties

  • Statements of fact about authority, compliance, etc.
  • Duration and scope of warranties

8. Non-Compete & Non-Solicit

  • Duration and geographic scope
  • Limitations on client or employee solicitation

9. Boilerplate Provisions

  • Assignment clauses
  • Force majeure
  • Entire agreement clause
  • Amendment procedures

10. Attachments and Exhibits

  • Verify referenced schedules are attached
  • Review incorporated documents for accuracy

Pro Tip

For complex or high-stakes deals, engage a startup-focused attorney to negotiate favorable terms and avoid costly surprises.