United States:
4 Ways To Avoid The Confusion Of Financing Documents
So-called 'simple agreements' are more complex than you might think.
To print this article, all you need is to be registered or login on Mondaq.com.
Entrepreneurs often raise capital with a combination of
convertible notes and an agreement called a SAFE, or Simple
Agreement for Future Equity. A SAFE seems like a no-nonsense DIY
solution for early-stage companies--but there's more you need
to know about them than you might realize.
Debuted in 2013 by Y
Combinator, the SAFE doesn't accrue interest. It has no
maturity date or expiration date. It converts into equity on
pre-negotiated terms in connection with a future priced equity
round.
Click here to continue reading
Originally published by inc.com
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Corporate/Commercial Law from United States
ADA Compliance And Retail Websites
Klein Moynihan Turco LLP
For several years, consumers have flooded the Western District of Pennsylvania ("WDPA") with Americans with Disabilities Act ("ADA") compliance lawsuits, alleging that companies...
Chapter 3: Subcontractor Bonds
The Cromeens Law Firm
All they had to do before starting was to obtain a payment bond and a performance bond for the full amount of its subcontract. This was a requirement, so they did it. After they got...
Chapter 2: Subcontract Documents
The Cromeens Law Firm
The first rule about subcontracts is…there are no rules. Whatever you sign in a subcontract will be used against you.