SAFE Agreement
A SAFE (Simple Agreement for Future Equity) is an investment contract that converts into equity upon specified future events without setting a current share price. Use this when a startup raises on a YC-style SAFE instead of a priced round. It documents purchase amount, cap/discount, and pro rata rights if included.
What's included
A ready-to-use safe agreement covering purchase amount and payment date, valuation cap and/or discount rate, conversion triggers (equity financing, liquidity), with signature fields already placed for Company and Investor. Fill in the bracketed details (like [Company Name] or [Date]) using Docracy's built-in text editor, then send it out for signature.
This is a general template for informational purposes only and does not constitute legal advice. Consult a qualified attorney to review it for your specific situation and jurisdiction before use.
Key clauses
- Purchase amount and payment date
- Valuation cap and/or discount rate
- Conversion triggers (equity financing, liquidity)
- Pro rata and MFN provisions if any
- Company representations and investor accreditation
- Dissolution or change-of-control treatment
What you'll fill in
[Company Name][Investor Name][Purchase Amount][Valuation Cap][Discount Rate if Any][Date of SAFE][Governing State]Legal summary
Investor funds the company now for future shares on trigger events; no debt repayment unless dissolution provisions apply. Terms vary by SAFE variant (cap only, discount only, or both).
Free for up to 2 signers, no account required. Need unlimited? Flat $10/month.
FAQ
Is this SAFE Agreement legally binding?
Signing through Docracy uses a simple electronic signature (SES), which is legally recognized for everyday business agreements under laws like the U.S. ESIGN Act and the EU's eIDAS regulation. This is a general template, not legal advice — for high-stakes or regulated agreements, have a qualified attorney review it for your situation.
Who needs to sign this SAFE Agreement?
This template includes signature fields for Company and Investor — already placed — plus 7 placeholder fields to fill in before you send it.
Can I edit this SAFE Agreement before sending it?
Yes — Docracy's editor lets you edit the text, add or remove signature fields, redact sections, and reorder pages before you send it.
Do I need an account to send this SAFE Agreement?
No — it's free for up to 2 signers with no account required. Create a free account only if you want to save it to a dashboard or reuse it later.
Try it with an AI assistant
Paste one of these into ChatGPT, Claude, or your assistant of choice:
“Fill a post-money SAFE with $250K and $8M cap for an angel.”
“Explain difference from convertible note for the investor.”
“Add pro rata side letter reference.”
Why teams start with Docracy
“Docracy is a great product that I have tested and am using. It is easy to use, has good tools, is always up to date, and implements new features. Highly recommended.”— DACH Advisory
Free for up to 2 signers, no account required. Need unlimited? Flat $10/month.