Advanced Subscription Agreement Template for England and Wales

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Advanced Subscription Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Advanced Subscription Agreement

"I need an Advanced Subscription Agreement for a pre-seed investment of £250,000 into my fintech startup, with a 20% discount on the next funding round and a £5m valuation cap, expected to complete by March 2025."

Document background
The Advanced Subscription Agreement has become increasingly popular in the UK startup ecosystem as a flexible funding instrument that bridges the gap between funding rounds. Used primarily by early-stage companies seeking quick access to capital, ASAs offer a simpler alternative to convertible loan notes while providing similar benefits. Under English and Welsh law, these agreements enable companies to receive immediate funding while deferring complex valuation discussions and share issuance procedures until a later date. The document typically includes provisions for conversion mechanics, valuation caps, discount rates, and investor protections.
Suggested Sections

1. Parties: Identifies the company and investor(s) entering into the agreement

2. Background: Context of the investment and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Subscription: Details of the investment amount and share allocation

5. Conditions Precedent: Conditions that must be met before completion

6. Completion: Mechanics and timing of the investment completion

7. Warranties: Company representations and warranties

8. Governing Law and Jurisdiction: Specifies applicable law and courts

Optional Sections

1. Pre-emption Rights: Rights of first refusal on future share issues - include when investors require protection against dilution

2. Tag Along Rights: Right to join in sale of shares by other shareholders - include for minority investor protection

3. Information Rights: Rights to receive company information - include when investors require ongoing reporting

4. Board Appointment Rights: Right to appoint directors - include for larger investments or strategic investors

Suggested Schedules

1. Schedule 1 - Company Details: Corporate information and capital structure

2. Schedule 2 - Warranties: Detailed company warranties

3. Schedule 3 - Conditions Precedent: Detailed list of conditions to be satisfied

4. Schedule 4 - Completion Requirements: Documents and actions required at completion

5. Appendix 1 - Share Capital Table: Pre and post-investment capital structure

6. Appendix 2 - Investment Terms: Detailed terms of the investment

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries
Relevant Teams
Relevant Roles
Industries

Companies Act 2006: Primary legislation governing company operations, including share capital, allotment provisions, directors' duties and powers, company registration requirements, pre-emption rights, and class rights

Financial Services and Markets Act 2000: Regulatory framework for financial services including financial promotion restrictions, regulated activities, investment restrictions, and prospectus requirements

Corporate Insolvency and Governance Act 2020: Legislation governing corporate insolvency procedures and impacts on company operations and restructuring

Financial Services Act 2012: Updates to FSMA and modifications to the regulatory framework for financial services

Law of Property (Miscellaneous Provisions) Act 1989: Key contract law legislation governing property-related contracts and formal requirements for certain types of agreements

Unfair Contract Terms Act 1977: Legislation regulating unfair terms in contracts and limiting the extent to which liability can be excluded in contracts

Income Tax Act 2007: Primary legislation governing income tax implications for investments and share subscriptions

Corporation Tax Act 2010: Legislation governing corporate tax implications for share issuances and company restructuring

UK GDPR and Data Protection Act 2018: Data protection legislation governing the processing and protection of personal data in commercial relationships

Anti-Money Laundering Regulations 2017: Regulations governing due diligence requirements and reporting obligations for financial transactions

FCA Regulations: Regulatory framework from the Financial Conduct Authority governing regulated activities and investor protection rules

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Subscription Service Contract

find out more

Short Form Subscription Agreement

find out more

Fund Subscription Agreement

find out more

Startup Subscription Agreement

An English law agreement governing the subscription of shares in a startup company by investors.

find out more

Advanced Subscription Agreement

An English law agreement where investors provide immediate funding in exchange for future shares, typically issued at a discount upon a qualifying event.

find out more

Unit Subscription Agreement

An English law agreement documenting the terms of an investor's subscription for units in an investment vehicle.

find out more

Monthly Subscription Contract

A legally binding agreement under English and Welsh law governing recurring service provision and payment terms between provider and subscriber.

find out more

Note Subscription Agreement

An English law agreement governing the terms under which investors subscribe for debt securities issued by a company.

find out more

Subscription Service Agreement

A legally binding agreement under English and Welsh law governing the provision of subscription-based services between a provider and subscriber.

find out more

Loan Note Subscription Agreement

An English law agreement governing the subscription of loan notes by investors, setting out terms between issuer and subscribers.

find out more

Shares Subscription Agreement

An English law agreement governing the issuance of new shares by a company to subscribers, setting out terms, conditions, and parties' rights and obligations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.