Hey – the biggest pitfall is going with some standard boilerplate terms of service that you can find online. Most terms of service online are for more simplistic business models & basic industries. When you’re dealing with a B2B SaaS there are terms specific to your business that will need to be in there. By utilizing some agreement found online, you’re risking omissions that can be catastrophic.
At the very least – it’s smart to have an attorney review the terms you plan on using. If you’d like to have a skilled startup attorney draft or review your terms of service then take a look at. Our site makes it easy for entrepreneurs to complete their legal work with on-demand, affordable, vetted attorneys. Good luck w/ the business.