Convertible instruments are used to raise quickly without agreeing a valuation. That simplicity is the appeal and also the risk.
The conversion discount, the valuation cap, what triggers conversion, what happens if no round follows, and how multiple notes interact are all terms that decide real ownership. Founders often discover the effect only at conversion.
Convertible Note and SAFE Documentation
Documentation for convertible notes and SAFE-style instruments — the investment amount, discount and valuation cap, conversion triggers and mechanics, maturity or long-stop treatment, and the interaction with existing and future instruments.
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You build the business. We help you protect it.
Picture a bridge round documented so everyone knows exactly what happens at conversion, at maturity, and if the next round never comes.
Who this service is for
This Is For You If…
Startups raising a bridge or pre-seed round
Investors funding ahead of a priced round
Companies with multiple convertible instruments outstanding
Founders assessing a convertible offer
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What we will do for you
This is what we will do for you
Advise on whether a convertible instrument or a priced round suits you better
Draft or negotiate the discount, valuation cap and conversion triggers
Model the dilution effect at conversion, including stacked instruments
Deal with maturity and what happens if no qualifying round occurs
What’s Included
What’s Included in our service for you
Advice on convertible versus priced round
Drafted or negotiated instrument
Discount, valuation cap and conversion triggers
Dilution modelling including stacked instruments
Maturity and no-round treatment
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Why Choose Legal That Works?
Why Choose Us To Assist You?
Digital-first
No office visit required—review and sign online
Transparent fees
Fixed price, no billing surprises
Deep experience
Various contracts across industries
Accessible
Our client portal keeps you informed
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We've Helped
You Need To Act Now
Important: Limited Slots
Convertible terms are set when the company needs money most. They convert when the company is worth most, and the gap between the two is where founders lose ownership.
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Nothing to Lose. Everything to Protect.
No Surprises. No Guesswork. Just Legal That Works.
Before anything starts, we speak with you to understand your business and make sure the service is the right fit. If it is not, we will say so upfront. No pressure. No wasted time. We only take on matters we are confident we can deliver with quality. That is why business owners trust us to get it right.
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Frequently Asked Questions
What is Legal That Works?
Legal That Works is a business and organisation oriented legal service designed by Messrs Akmal Saufi & Co (the firm that has brought the widely known legal consumer services brand ASCOLAW). We specifically help business owners and organisation leadership to navigate Malaysia’s legal terrain to achieve their commercial goal.
What if I’m not sure what legal service I need?
No problem. Most business owners aren’t legal experts! Just reach out. Our team will guide you to the right service or help you understand your options—without jargon or upselling.
What is a valuation cap?
A ceiling on the valuation at which the instrument converts, protecting the investor if the company grows quickly. It can be very costly to founders.
What if we never raise a priced round?
The instrument's maturity provisions decide. This is the clause most often overlooked.
Are SAFEs used in Malaysia?
SAFE-style instruments are used, adapted to local law. We draft them to work here rather than importing a foreign form.
Who will be helping me?
All our services are delivered by our licensed lawyers under the Malaysian Bar with proven experience across industries. You’ll work with a real legal team, not chatbots or generic customer support.
