The Outsourced General Counsel Program (the "OGC Program") is a fractional general counsel and chief compliance officer at less than a third of the cost of a full-time experienced general counsel. The program is offered as a subscription plan in the form of a discounted alternative fee arrangement. Subscribing to the OGC Program creates an attorney client relationship that is privileged.

The OGC Program is designed for businesses that would like an in-house legal and compliance department, but are not able or ready to hire full time legal and compliance professionals. The OGC Program was designed to provide boutique, white-glove legal services to the following types of clients:

• Investment Advisers (Registered & Unregistered)

• Exempt Reporting Advisers

• Private Funds Offering Legal & Compliance Services to Portfolio Companies as a Disclosed & Approved Fund Expense

• Operating Companies & Other Businesses

No. While Sabal Law is expert in venture capital, private equity, and asset management law, the OGC Program is designed to provide best in class legal advice with white glove service to small and medium size businesses that are not ready to manage a full-time internal legal and compliance department. The U.S. Department of Justice recommends that all businesses adopt and implement compliance programs, and it will take that in account in connection with any investigation and prosecution. In addition, as experienced general counsels, Sabal law will enable business teams to execute their missions with efficiency and confidence by ensuring clean and expertly drafted contracts, ranging from private investments to terms of employment.

The OGC Program is a 15% discount off of the firm's standard rate for a fixed number of hours a month.

This program is an automatic & recurring payment plan for 10 hours of legal services a month. Unused hours expire and do not rollover to the following month. After all plan hours are used in any given month, time will be billed at the Standard Rate. Additional hours per month at the discounted rate can be purchased in 5-hour blocks, subject to the firm's capacity.

Engagements effective on or after the 1st calendar day of the month will be subject to prorated time and fees based on a 30-day month. Engagements effective on the 31st day of any month will be deemed effective as of the 30th day of that month.

The OGC Program will be billed promptly upon engagement and in advance on or about the first day of each month thereafter. The client acknowledges and agrees that OGC Program fees will be deemed earned upon receipt and not held in trust. Accordingly, those fees will be deposited into Sabal Law's general account. Any time exceeding the program’s included hours will be billed in arrears at the Standard Rates as additional fees.

• Sabal Law will serve as your outsourced general counsel. If you elect, Sabal Law will also serve as your outsourced chief compliance officer.

• 10 hours a month that are use or lose (i.e., unused hours do not rollover to the next month). Additional hours per month at the discounted rate can be purchased in 5 hour blocks, subject to the firm's capacity.

• Annual Compliance Program Review for No Additional Fee

• A single free 1-hour check-in consultation each quarter. This is required if the firm is also serving as your outsourced chief compliance officer. Sabal Law reserves the right to resign as outsourced chief compliance officer if the client cannot meet this requirement.

• Access to Sabal Law’s extensive legal and professional network to source attorneys and service providers with out-of-scope subject matter expertise.

Yes. You must be willing to work with Sabal Law for at least 6 consecutive months.

The term of the OGC Program may be open-ended but must be a minimum of six months (the “Term”). In the event that a client terminates the Term early, the client agrees that, in exchange for Sabal Law agreeing to reserve hourly capacity during the Term and potentially foregoing engagements with other clients, the client will agree to pay Sabal Law an early termination fee equal to 75% of the remaining balance on the engagement. For example, the client agrees to a default term of 6 months (January through June) at a monthly rate of $5,737.50. The client terminates the contract at the end of the second month with 4 months remaining in the Term. The balance remaining on the contract is $22,950. The client immediately owes Sabal Law 75% of the balance or $17,212.50. 

Note: The default OGC Program does not lock in the standard hourly rate, only the 15% discount off of the Standard Rate. If the Term straddles two calendar years, the Standard Rate is expected to increase, but the client will receive the discount off of the new Standard Rate. If a client wants to lock in the prevailing Standard Rate for purposes of calculating the discount, the client should choose the 3-year term described below.

Yes. We offer a 3-year subscription at a 15% discount off of the standard rate as of the date of the engagement.

Clients may choose to lock-in OGC subscription pricing for a single 3-year term (the “3-Year Term”). In the event that a client terminates the 3-Year Term early, the client agrees that, in exchange for Sabal Law agreeing to hold discounted pricing constant during the 3-Year Term and potentially foregoing engagements with other clients, the client will agree to pay Sabal Law an early termination fee equal to 75% of the remaining balance on the engagement contract. For example, the client agrees to the 3-Year Term, locking in the monthly rate of $5,737.50. The client terminates the contract at the end of the second year with 12 months remaining in the Term. The balance remaining pursuant to the contract is $68,850. The client immediately owes Sabal Law 75% of the balance or $51,637.50.

Yes. In the event that a client terminates the Term early, the client agrees that, in exchange for Sabal Law agreeing to hold discounted pricing constant during the Term and potentially foregoing engagements with other clients, the client will agree to pay Sabal Law an early termination fee equal to 75% of the remaining balance on the engagement contract.

See also "Is there a minimum number of months required?" and "Can I lock in the discount for more than 12 months?"

Yes. Subject to applicable laws and regulations, Sabal Law may terminate its representation at any time. In the event that Sabal Law chooses to terminate its representation, the client will not owe Sabal Law an early termination fee. Additionally, in the event of such termination by Sabal Law, if the client has a positive balance of hours under the OGC Program for the current month, Sabal Law will refund an amount equal to the product of such unused hours and the applicable discounted Standard Rate. For the avoidance of doubt, if all hours under the OGC Program have been used, the client will not be entitled to a refund and any additional hours will be billed in arrears at the prevailing Standard Rate.

No, a subscription is not required. Sabal Law is pleased to serve as your fractional general counsel and fractional chief compliance officer without a subscription. But please note the following. The Standard Rate per hour will apply and you will not receive the 15% discount, the free annual compliance program review, nor the free 1 hour quarterly check-in consultation.