SaaS (Software as a Service)


Software that is licensed on a subscription basis and is hosted by the provider.

Why it matters

The SaaS model is important because it allows users to access software applications over the internet, eliminating the need for installing and maintaining them on individual devices. This subscription-based model provides scalability and flexibility, enabling businesses to adapt to changing needs without significant upfront investment in infrastructure and licenses.Many different financial and legal considerations come into play for SaaS businesses. To be an effective in-house counsel at a SaaS company, it's important to understand how the businesses operates on a recurring revenue basis, how to measure the quality of the business, and what are the common legal risks that such businesses face.