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Term Sheet Review — YC SAFE note terms review

Started by desperate_seller_2022 · Jan 15, 2024 · 801 views · 3 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
DS
desperate_seller_2022 OP

I'm dealing with a situation and need some guidance.

YC SAFE note terms review. I've been dealing with this for about 14 months now and the situation isn't improving.

I have already tried to resolve this directly but got conflicting advice.

Has anyone been through something similar? What worked for you?

TL
Mod_TermsLaw Moderator

I practice in this area. Here's my take on the legal issues.

This is a common situation and the law is fairly clear. Under the relevant statute, actionable.

I'd recommend documenting everything in writing from this point forward. Keep copies of all communications.

CA
ConsumerAdvocate

Not a lawyer, but I have direct experience with this.

In my case, it took about 3-6 months to resolve. The key was having everything documented.

HM
help_me_seller_MA

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

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