[03]The basics
What is fractional IP counsel?
Fractional IP counsel is an outside firm that acts as your company’s IP and legal team part time, usually for a monthly fee. You get the judgment of counsel who knows your business and its IP, without an in-house hire or paying a law firm by the hour for every question.
What fractional IP counsel does
- Reviews contracts before you sign them, and keeps your templates current.
- Answers the daily questions, from hiring and equity to a customer dispute.
- Protects the IP, with patents, trademarks and the assignments that prove ownership.
- Prepares for investors, with clean records, diligence answers and legal opinions.
- Spots risk early, before a letter, a regulator or a lawsuit makes it expensive.
When a startup needs one
Usually when legal questions arrive every week, not every quarter. Common signs are steady hiring, a pipeline of customer contracts, an upcoming raise, IP worth protecting, or a first dispute. Before that, a single flat-fee package often covers the basics.
More on building the legal side of a software company in the legal playbook by a SaaS lawyer, and on what a flat-fee IP attorney costs.