Some of the legal docments required in a VC are:
- Term Sheet
- Stock Purchase Agreement
- Certificate Of Incorporation
- Investor Rights Agreement
- Voting Agreement
- Right of First Refusal & Co-Sale Agreement
- Management Rights Letter
- Indemnification Agreement
These documents aim to:
- reflect and in a number of instances, guide and establish industry norms
- be fair, avoid bias toward the VC or the company/entrepreneur
- present a range of potential options, reflecting a variety of financing terms
- include explanatory commentary where necessary or helpful
- anticipate and eliminate traps for the unwary (e.g., unenforceable or unworkable provisions)
- provide a comprehensive set of internally consistent financing documents
- promote consistency among transactions
- reduce transaction costs and time
We will also be posting a few of the templates for legal documents which you can download & use for your VC.
