Engagement Letter
We are pleased to extend this engagement letter to formalize our legal partnership with your Startup (“The Startup”) under the auspices of the Misk Foundation. As a dedicated legal firm, we are committed to providing comprehensive legal support and guidance to innovative startups like yours, ensuring that your business is built on a solid legal foundation.
At Batic, we understand the unique challenges and opportunities that startups face. Our goal is to assist The Startup in navigating the legal landscape, protecting your interests, and facilitating your growth and success. This engagement letter outlines our mutual understanding and the scope of our legal services, ensuring a clear and effective collaboration.
Our engagement will begin on the date upon which you submit the form in the website. Your right to terminate is subject to payment of all outstanding fees for services performed, and expenses advanced through to the termination date.
1. Scope of Work
The scope of work includes all legal work necessary to support your activities and business in the Kingdom of Saudi Arabia, including, but not limited to, drafting and reviewing contracts, drafting official correspondence, legal representation, and managing and implementing all legal matters except cases, litigation, and the legal matter related to the fundraising.
2. Packages
2.1 Members of the Misk Entrepreneurship Community are entitled to a package of sixty (60) hours per year, for a fee of sixty thousand (60,000) Riyals.
2.2 Members of Misk’s incubator or accelerator are entitled to a package of thirty (30) hours per year, for a fee of thirty thousand (30,000) Riyals.
2.3 All packages are billed monthly. In the event of a payment delay exceeding two (2) months, we reserve the right to suspend our services.
2.4 The aforementioned prices do not reflect the market value of Batic. Rather, they represent a community initiative in collaboration with the Misk Foundation, aimed at supporting entrepreneurs.
2.5 For any services that fall outside the agreed scope of work, we will offer a special discount as part of our initiative to support entrepreneurs.
3. General Provisions
3.1 Batic shall exercise professional care and diligence in the performance and management of the defined scope of work.
3.2 The purpose of the preliminary session is to establish and prioritize the applicable legal needs to maximize the benefit of hours.
3.3 All information exchanged between the parties shall considered confidential and shall not be disclosed by any party without legal authorization, except if required by a judicial authority or as mandated by law.
3.4 Batic might share non-specific information to the Misk Foundation to enhance the startups experience, and that does not include an infringement of confidentiality.
3.5 Batic might use the startup’s trade mark as part of any work recorded.
3.6 Intellectual property rights remain the property of their respective owners and shall not be used outside the defined scope of work without the owner’s prior written consent.
3.7 “Intellectual property and confidential information” includes, but is not limited to, all data, images, studies, graphs, and any other materials that are protected or considered confidential.
3.8 The contact officer designated in the form on the website will be responsible for implementing this agreement. If the Startup changed the contact officer, it must notify the first party within five (5) working days. Failure to do so will result in all correspondences being considered legally binding.
3.9 Any disputes arising from the implementation of this agreement shall first be attempted to be resolved amicably within thirty (30) days from the date of notification. If an amicable resolution cannot be achieved, the dispute shall be referred to the competent court in Riyadh for resolution.
3.10 No amendments to the terms of this agreement shall be valid unless mutually agreed upon in writing by both parties or their authorized representatives.
3.11 The contract shall terminate upon the completion of one year or upon the completion of the specified number of hours as stipulated in the package.
3.12 The Startup acknowledges that it has been fully informed of, and understands, all the terms and conditions of this agreement.
We are grateful for the opportunity to work with you and look forward to a mutually beneficial relationship. Please be assured that, in accordance with the relevant laws of Saudi Arabia, all communications and transactions between your startup and our law firm related to the Scope of Work will remain strictly confidential.
At Batic, we are committed to safeguarding your startup’s interests and providing comprehensive legal support to help you navigate the challenges and opportunities ahead. Your success is our priority, and we will diligently work to protect and advance your business objectives.