ContractsSAFEOhio
OHMidwestBusiness-FriendlyMedium Risk

Simple Agreement for Future Equityin Ohio

A Y Combinator-developed instrument giving investors the right to receive equity in a future priced round, without a maturity date or interest rate. Ohio's business-friendly legal climate creates specific considerations for SAFE drafting and enforcement.

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Legal Climate
Business-Friendly
Non-Competes
Enforced
Governing Law
Moderate
Key City
Columbus

Ohio Contract Law

Key Legal Fact

Ohio enforces non-competes and uniquely allows courts to add geographic limitations rather than just void or enforce.

Notable SAFE Law

Ohio applies "reasonable modification" approach — courts can geographically limit overbroad non-competes.

Key Clauses to Review

1
Valuation Cap
Requires Ohio-specific drafting under business-friendly legal standards.
2
Most Favored Nation Clause
Requires Ohio-specific drafting under business-friendly legal standards.
3
Pro-Rata Rights
Requires Ohio-specific drafting under business-friendly legal standards.
⚠ Common Issue
SAFE stack dilution from multiple uncapped SAFEs at low cap

Major Industries in Ohio

ManufacturingFinanceHealthcareAgriculture

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