10/08/2026
The same contract. Three businesses. Three different answers.
A twelve person SaaS company, three weeks from closing a raise. The two clauses that matter are change of control and the IP position, because in ninety days a buyer's diligence will price exactly those, and a clause that lets this customer walk on acquisition is worth more than the contract itself.
An agency delivering the same scope through subcontractors. Completely different two. The flow down and the indemnity, because their real exposure sits with people they do not employ and cannot supervise on the day it goes wrong.
A company whose customer is regulated. Different again. Audit rights and the breach notification clock, because their customer's obligations land on them, and the clock they have agreed to downstream is shorter than the one they can actually meet upstream.
Same paper. Same clauses on the page. The risk sits somewhere different in each business, and no amount of reading the document tells you where.
That is the distinction we keep coming back to. A review reads the contract. Counsel reads the business, then reads the contract.
If the person advising you cannot name your funding timeline, your delivery model and who your customer answers to, they are not choosing your two clauses. They are choosing the average ones.
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