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
<ul><li>Advise on whether a convertible instrument or a priced round suits you better</li><li>Draft or negotiate the discount, valuation cap and conversion triggers</li><li>Model the dilution effect at conversion, including stacked instruments</li><li>Deal with maturity and what happens if no qualifying round occurs</li></ul>
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 digital-first legal service designed by ASCO LAW (Messrs Akmal Saufi & Co) specifically for business owners and founders. We help you structure, grow, and protect your business through practical legal solutions—delivered fast, in plain English & Bahasa Malaysia, and with no office visit required.
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.
Are your services affordable?
Our transparent fee structure means no billing surprises. Membership unlocks the best rates, but even one-off services are designed to be clear and competitive. You’ll always know what you pay.
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.
Is everything done online?
Yes. Our service is fully digital. You can consult, review documents, sign agreements, and access your files securely from anywhere. No office visit required unless you want to meet in person. No office visit is required. If you require us to attend at your office or outside meetings, additional charges will apply.
What’s the difference between One-Off Service and Membership?
(1) One-Off Service: Pay for what you need, when you need it. Perfect for single transactions or urgent matters (2) Membership: Subscribe for ongoing access, priority support, and special pricing. Membership means you get a legal partner who truly understands your business.
