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Frequently asked questions about legal templates

What legal documents does a startup need?+

Essential startup legal documents include: NDAs (for protecting confidential information), Employment Agreements (for hiring), SAFE Notes or Convertible Notes (for fundraising), Operating Agreement or Bylaws (for corporate structure), Terms of Service and Privacy Policy (for products), Independent Contractor Agreements (for freelancers), and Advisory Agreements (for advisors). TopSystems includes all of these and 90+ more templates.

How much does it cost to have a lawyer draft business documents?+

Attorney-drafted business documents typically cost $200-500 per document, and a full legal document library for a startup could cost $5,000-15,000+. TopSystems includes 100+ lawyer-drafted templates for $99/year — a fraction of the cost of custom legal work.

Are free legal templates safe to use?+

TopSystems legal templates are included with the $99/year membership (not generic free templates from the internet). Every template is drafted by licensed attorneys, regularly reviewed for accuracy, and designed for real business use. While they provide a strong legal foundation, we recommend attorney review for high-stakes agreements.

What is the difference between a SAFE note and a convertible note?+

A SAFE (Simple Agreement for Future Equity) is a simpler instrument with no interest rate or maturity date — the investor receives equity at the next priced round. A Convertible Note is debt that converts to equity, with an interest rate and maturity date. TopSystems includes templates for both, plus term sheets and subscription agreements.