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SAFE agreements · Singapore

A SAFE is one page of termsand years of consequences.

SAFEs drafted and reviewed by a senior Singapore lawyer who models what they convert into before you sign. Fixed scope, fixed price, back within days: most founders start with the capped 10 hour contract bundle.

Every line above moves your ownership at the next round. That is why we model it instead of skimming it.

What you are actually signing

What a SAFE actually is.

A SAFE is a : money now, shares later, priced by your next round. The price is set by the and the , and quiet clauses like and decide what your cap table looks like after it converts.

Tap a highlighted term for the plain-English version.

Declassified

simple agreement for future equity

An investor gives you money now for shares later, priced at your next round. Invented by Y Combinator, and now the default early-stage instrument in Singapore too.

In plain terms: a SAFE is cheap to sign and expensive to misunderstand.

The problem we remove

The template was free. The conversion is not.

Put both versions of your SAFE stack in front of the priced round and read the difference. Same four questions, asked the way the round's lawyers ask them. Only one set of answers keeps your percentage.

  1. 01The next round's lawyer asks

    01 / 04

    How many SAFEs are outstanding, and on which forms?

    Template signers

    "Five, we think. A few different versions."

    With a reviewed stack

    "Five, one clean form. The index lists every instrument."

  2. 02The next round's lawyer asks

    02 / 04

    What do the caps and discounts convert into at this valuation?

    Template signers

    "That is a good question."

    With a reviewed stack

    "Modelled before every signature. Here is the table, to the percentage point."

  3. 03The next round's lawyer asks

    03 / 04

    One of these has an MFN clause. Did your later terms trigger it?

    Template signers

    "Which one has an MFN clause?"

    With a reviewed stack

    "Tracked when it was signed, honoured once, documented."

  4. 04The next round's lawyer asks

    04 / 04

    Are there side letters we should know about?

    Template signers

    "There were a couple of emails around the second one."

    With a reviewed stack

    "Two, indexed in the data room next to their instruments."

  5. 05Who reads them now

    The stakes
    Daniel Kung, Reviewing lawyer
    Daniel KungReviewing lawyer

    30%+of the company gone at conversion is a real outcome

    Founders routinely discover at the priced round what five stacked caps and discounts add up to. By then, every term is already signed.

    Every SAFE read, modelled and indexed before you sign, on a capped fixed price, so the priced round opens a folder instead of an investigation.

The second voice is not luck. It is what a reviewed stack sounds like, and keeping it that way costs less than one surprised percentage point.

How the bundle works

Fixed scope, fixed price, days not weeks.

The capped 10 hour contract bundle is built for exactly this. Swipe through a SAFE engagement, start to finish.

Continuously updated
  1. Day 0Call

    A free 15 minute call. You explain the raise; we confirm the bundle covers it and put the fixed price in writing.

  2. Day 1Scope

    You send the SAFEs, or we start from a clean form. The scope note lists every document and the date it comes back.

  3. Day 2Review

    Every term read, and the whole stack modelled: what converts, at what price, and who owns what afterwards.

  4. Day 3Redlines

    You get a marked-up draft plus a one-page plain-English memo: what we changed, what we flagged, and what we would not sign.

  5. Day 4Negotiation

    Investor pushback handled in writing. Most points settle in one turn, because the asks are standard and reasoned.

  6. Day 5Signature

    Final versions out for e-signature, with the conversion model saved next to them for the next round's lawyer.

  7. AfterOn file

    Everything lands in one indexed folder: instruments, side letters, model. Your future data room says thank you.

One capped price, agreed before we start. If it takes us longer, that is our problem, not your invoice.

Everything this covers

Everything a SAFE touches, covered.

Most engagements fit the capped 10 hour bundle. If yours will not, we say so on the free call, before any work starts.

Daniel KungReviewing lawyer

Duty 01 of 06

New SAFEs drafted

A clean post-money SAFE tailored to Singapore practice, with the cap, discount and any side letter terms set deliberately instead of inherited from a template.

  • Post-money
  • Cap and discount
  • Clean form

Hover a duty to open it, or tap it on mobile.

Daniel Kung, Founder & Principal, LDU Asia
Daniel KungFounder & Principal, LDU Asia
  • Singapore licensed
  • Fundraising & SAFEs
  • M&A and exits
  • Regulators & MAS

The senior judgment behind LDU

Meet Daniel, the lawyer behind every approval.

Fifteen years getting founders through setup, growth and the raise, across the table from investors, regulators and acquirers. He is the senior judgment LDU is built on.

Years in practice
0+

Years in practice

Matters signed off
0+

Matters signed off

Why founders trust the bundle

Fixed price, senior eyes, real modelling.

A named senior lawyer reading every clause, conversion maths run before every signature, and a capped price that keeps the risk on us.

The LDU team, Singapore. The people reading your paper.
The people reading your paperThe LDU team, Singapore
4.8/ 5

Google reviews60+ founder reviews

0+
Instruments reviewed
0 days
Typical redline turnaround
0%
Signed off by a licensed lawyer
  • Singapore licensed
  • Post-money SAFEs
  • Conversion modelling
  • Venture practice

Our promise

One capped price, agreed in writing before we start. If it takes longer, the overrun is ours.

Bundle slots are capped each month so turnarounds stay in days.

Customer stories

Why founders choose LDU.

Veljko Vasic

CEO, HolyWally

As a client of LDU, I was impressed by how they consistently focused on our needs, showing patience and a deep understanding of our core requirements. It felt like having an in-house counsel that always had our best interests at heart. If you're looking for a dedicated team that prioritizes client satisfaction, LDU is the right choice.
Less time setting up contracts
0%

Less time setting up contracts

Faster to close than competitors
0X

Faster to close than competitors

Faster issue resolution
0%

Faster issue resolution

Reviewed by a licensed lawyer
0%

Reviewed by a licensed lawyer

  • Daniel is a consummate professional who was very helpful in our consultation. He assuaged my fears and walked me through how to possibly handle my situation. Did not ask for unnecessary charges or quotes. Highly recommended, especially if you're a small business or startup.
    Leung Wai-Leng
  • Thanks to LDU and Daniel support, my business which was not well structure for couple months and having some issues is now good to operate. Extremely recommended for anyone not familiar with how Singaporean laws and banks work, it is much better to get great assistance at the beginning and start smoothly. Highly recommended.
    Simon Giraldo
  • LDU was able to listen to my situation in detail and quickly provide me with effective advice to move forward. Daniel was very professional and clear-headed. A very good experience.
    Benjamin Fossati
  • LDU have been fantastic in providing legal consulting and services. They have in depth knowledge across various domains and they work quick at a fraction of the cost of what you'd pay at standard market rate.
    Dindo De La Cruz
  • I had an excellent experience working with LDU Asia. Daniel, in particular, was incredibly helpful, he was responsive, knowledgeable, and guided me through the situation with clarity and professionalism. I highly recommend their services for anyone in need of reliable legal support.
    Josh Decker
  • Highly qualified, knowledgeable, with a great team. Expert opinions and advice. Would highly recommend for multiple types of legal services. I've used LDUAsia multiple times for a myriad of tasks and they've always been top notch.
    Zach
  • As an expat in Singapore the firm really helped me with all the clarity on the matter and were very honest during the process.
    Hasan Syed
  • Excellent experience working with Daniel and his team. We first got into contact almost 2 years ago in the earliest stages of our company. Daniel's team's arrangement was startup friendly and sincere.
    Rishab Patwari
  • LDU Asia is truly a game-changer for any Singaporean startup. Their team is incredibly tech-savvy, highly responsive, and genuinely values both your time and theirs.
    Sunny Saurabh
  • Best legal team you can really trust.
    Veljko Vasic
  • LDU Asia is amazing. Solving my issue within a few day. They are prompt is replying my text and giving advice on what I should do.
    Roy Loi
  • Easy to work with, thorough, and diligent. A wonderful team that helped meet needs quickly and efficiently.
    Meagan Ranson
  • Daniel was wonderful in guiding us through the compliance process.
    Kanak Chaudhari
  • Probably the fastest, most efficient and affordable lawyers in Singapore!
    Mahir Sahin
  • Super helpful. Professional and knowledgable.
    Daniel Hestevold
  • I had the pleasure of a professional and highly informative discussion with LDU which brought clarity to my situation and openly shared options and paths forward in a simplistic and grounded way. I am very grateful and highly recommend.
    Robert Kiely

Trusted across Singapore

AfterlifeAnimagineAutoma8eCreitiveDsx VenturesEagle BotFailsafeFilipayGroundupHaulmatic

FAQ

What founders ask about SAFEs.

Holding a SAFE right now?

Bring it to a free call. Fifteen minutes, and you will know what it converts into.

Book a free consultDaniel KungLia
  • A fixed price, put in writing after the free call. The bundle caps the work at 10 senior hours, which covers a typical SAFE engagement end to end. If your raise genuinely needs more, you hear that before we start, not on an invoice.

Your move

Sign your next SAFE knowing the maths.

Book a free call. Bring the SAFE you have been sent, and leave knowing what it converts into, whether we work together or not.

Book a free consultDaniel KungLia
  • 15 minutes
  • Fixed price
  • A straight answer
12 founders booked a call this month
4.8 Rated by 60+ founders

Bundle slots are capped each month so turnarounds stay in days.