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Seed founderLead sent a term sheet with a 2x liquidation preference and a full ratchet. What do I push back on before Friday?
Meet Mike-1, your AI legal agent. Mike understands your business, helps you get legal work done faster, and matches you with specialist lawyers when human judgement matters.
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Seed founderLead sent a term sheet with a 2x liquidation preference and a full ratchet. What do I push back on before Friday?
Is a full ratchet normal?
Push back on the ratchet.
For your review
A week and a partner's bill
A draft and the points to discuss.
Mike-1 builds a living understanding of your business; its entities, agreements, people, obligations, and decisions. Work gets done faster each time, and you'll never have to feel out of the loop again.
SAFE
Harbor Fund LP
Customer MSA
Renews in 30 daysOffice lease
Landlord can sign
DPA
New this weekOffer letters
4 people
Mutual NDA
Expires in March
Ask a question, review an agreement, or hand Mike-1 an entire legal task. He can plan the work, use the right tools, and bring it closer to completion. Contracts prepared. Documents reviewed. Work organized.
AI tools. Independent expertise.
Mike-1 breaks a job into parts, uses AI tools to prepare the work, and helps you engage an independent lawyer when you choose.
Teach Mike-1 how your business works. He remembers your preferences, learns from corrections, and applies what he's learned to the next job.
9.1 Liability is capped at fees paid in the prior month 12 months of fees.
Different tasks need different expertise. Mike-1 brings together the right models, tools, and people.
Mike-1 considers the jurisdiction, expertise, and question to find the right person.
Can we end a German employment contract on 4 weeks' notice?
Once you approve the engagement and fee, share the relevant context and bring the lawyer’s advice back into your work.
Mike to Employment lawyer, Berlin
Statutory minimum is 4 weeks. Does the contract's 3 month clause override it here?
Employment lawyer, Berlin
Yes. The longer contractual period applies. Give 3 months.
Raise a seed round. Mike-1 drafts the SAFE, side letter, and board consent, prepares questions for a separately engaged financing lawyer.
Mike
Raise a seed round
Illustrative workflow. Lawyer services require a separate engagement and approved fee.
Choose the right Mike for your business.
Your first call for everyday legal work.
$149/month
Your company's AI legal desk.
$499/month
Your legal operation, built around your business.
Custom
Paid plans are coming soon. Request early access, with no payment required.
Credits cover Mike's AI work. See what a task costs before you start. Add more whenever you need them.
Credit purchases are not open during the free preview. Task pricing will be confirmed before paid work begins.
Connect with vetted, qualified independent lawyers for separately agreed fixed-fee services. Ongoing support is available for businesses.
AI subscriptions do not include human legal advice. Lawyer engagements and fees are separate and require your explicit approval.
Mike-1 sends you matters already written up, at a fixed fee agreed before you start.
Join as a lawyerAn AI legal agent from Index Law. It prepares contracts, reviews documents and organizes work. Associates and Paralegals are AI software, not licensed professionals.
Independent professionals available for separately agreed fixed-fee engagements. You approve the engagement and fee before work starts.
It drafts under US state law, England and Wales, the UAE, DIFC and ADGM. Anywhere else, it works with a local lawyer.
Your Vault is private to your account and every read is checked on the server. Sends stay simulated until you switch real sends on.
Mike does not sign for you. Signature preparation is available; real delivery requires enabled sending, a configured provider and your confirmation. Simulated actions are labeled.
Choose Try Mike to request free early access. We will contact you when your workspace is ready.
Mike Pro is $149/month. Mike for Teams is $499/month. Enterprise is custom. Paid plans are coming soon; early access is free. Lawyer fees are separate.