ContractsSAFEWisconsin
WIMidwestBalancedMedium Risk

Simple Agreement for Future Equityin Wisconsin

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

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Legal Climate
Balanced
Non-Competes
Enforced
Governing Law
Uncommon
Key City
Milwaukee

Wisconsin Contract Law

Key Legal Fact

Wisconsin requires non-competes to be reasonable in territorial scope, time duration, and type of employment.

Notable SAFE Law

Wis. Stat. § 103.465 requires courts to void non-competes that are unreasonable — no blue-penciling allowed.

Key Clauses to Review

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

Major Industries in Wisconsin

ManufacturingAgricultureHealthcareFinance

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