This is, almost word for word, our sales agreement from Gunderson Dettmer. We've added a number of company-specific (to us) provisions, but the /vast/ majority of it is all entirely the same. Furthermore, there are a few clauses in here I plan on stealing for our own contract.
This is incredible for YC to do. We spent almost $3000 getting our first draft contract. Lawyers are expensive. :(
Hey, at least you can sue GD if they have been negligent in their drafting and you suffer loss as a result. Although of course the likelihood of this happening in the context of a basic sales contract is negligible to non-existent!
Oh, don't get me wrong - I /love/ our counsel. He has saved us, fought for us, taught us and walked us through negotiating with investors, customers, partners, etc.
I'm incredibly glad we have him on our side, and I would recommend him to anyone - startup or otherwise.
I just wish, sometimes, that he weren't $500/hr. :)
Re: the lawsuit, for this type of contract you're right that it's pretty safe to say there isn't much to be negligent about, especially as they're a reputable firm. The fact that YC's docs were almost word-for-word our docs makes me much more comfortable too. Granted, we had it 3.5 years ago, and YC's docs came out today, so not like we had any other choice. :)
This is incredible for YC to do. We spent almost $3000 getting our first draft contract. Lawyers are expensive. :(