by Nik Erman | Aug 5, 2024 | Business, Contracts, Featured, Law, Technology
SaaS stands for Software as a Service. It’s a cloud-based software delivery model where users access applications over the internet on a subscription basis. Instead of buying and installing software on your own computer, you simply log in to a website and use...
by Nik Erman | Jul 31, 2024 | Business, Contracts, Featured, Law, Technology
A Limitation of Liability (LoL) clause is a cornerstone of any SaaS agreement, shielding the developer from exorbitant damages in the event of a service disruption or failure. However, crafting a LoL clause that effectively protects the developer while maintaining...
by Nik Erman | Jul 16, 2024 | Business, Contracts, Featured, Law
In Islamic finance, the concept of collecting or paying interest (riba) is strictly prohibited. This stems from religious interpretations that view profiting from simply lending money as unfair. Traditional investment structures often rely on interest, where the...
by Nik Erman | Jun 24, 2024 | Business, Contracts, Featured, Law
The VC world glitters with promises of explosive growth and financial backing. However, for founders, the path to success can be riddled with hidden traps. Here’s how founders can unwittingly lose control of their business to VCs, and what they can do to stay in...
by Nik Erman | Jun 24, 2024 | Business, Contracts, Featured, Law
The VC world beckons. Your startup is on fire, and investors are lining up to fuel the flames. It’s an exciting time, but amidst the celebrations, a crucial decision looms: should you rely on the lawyers recommended by the VC firm, or secure your own legal...
by Nik Erman | Jun 24, 2024 | Business, Contracts, Featured, Law
Congratulations! Your business is taking off, and venture capitalists (VCs) are knocking on your door. This is a major milestone, but before you jump into bed with a VC firm, let’s address some key legal issues you need to consider. Remember, VCs are investing...
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