All Templates
Agree an investment term sheet
📃 Investment Agreement Term Sheet
Model Term Sheet for a Series A Round (BVCA)
Model Term Sheet for a Series A Round (BVCA)
Jurisdiction
England and WalesContract party
Relevant sectors
No items found.
Type of legal document
📃 Investment Agreement Term SheetBusiness activity
Agree an investment term sheetA investment agreement term sheet is a document that outlines the major terms and conditions of a proposed investment transaction, and is typically used to precede the drafting of a more detailed legally binding agreement. The term sheet sets forth the key terms and provisions of the proposed transaction, and provides the framework within which the parties will negotiate the final terms of their agreement.
This legal template, titled "Model Term Sheet for a Series A Round (BVCA) under UK law," is a comprehensive document specifically designed to assist parties involved in a Series A financing round in the United Kingdom.
The template aims to establish a set of standard terms and conditions that guide the negotiation and structuring of investments in early-stage companies seeking growth capital. It follows the best practices recommended by the British Private Equity & Venture Capital Association (BVCA).
This Model Term Sheet serves as the initial agreement that outlines the key terms and conditions of the investment, providing a framework that can later be used to create definitive legal documentation. It covers a wide range of essential aspects, including but not limited to:
1. Company information: Pertinent details about the startup, such as its legal name, registered address, company registration number, and industry.
2. Investment details: The total amount of investment sought, minimum and maximum investment thresholds, and the proposed equity stake the investor would receive in return for their investment.
3. Share classes and rights: Specifies the type and class of shares being offered, highlighting any special rights, privileges, or preferences associated with those shares.
4. Valuation and pre-money valuation cap: Determines the startup's valuation for the purpose of calculating the investment amount and the investor's equity stake. It may also include a pre-money valuation cap to protect the investor in case of further fundraising at a significantly higher valuation.
5. Dilution protection: Addresses mechanisms to safeguard the investor against future dilution of their ownership percentage, such as preemptive rights, anti-dilution provisions, or participation rights.
6. Dividend policy: Outlines the startup's policy regarding distributions or dividends to shareholders, if applicable.
7. Liquidation preferences: Specifies the order of priority in which the investors will receive their investment back in the event of a liquidation or sale of the company.
8. Board composition and voting rights: Determines the number of board seats each party will be entitled to, along with voting rights and protocols for decision-making.
9. Information rights and investor protection: Establishes the level of information and financial reporting the startup must provide to the investor, enabling proper monitoring and assessment of the company's performance.
10. Lock-up periods, exit rights, and drag-along provisions: Outlines any restrictions on transferring or selling shares, as well as the terms for potential exit opportunities and the investor's ability to participate in the sale of the company.
11. Governing law and dispute resolution: Specifies that the agreement will be governed by UK law and outlines procedures for resolving any potential disputes that may arise.
Please note that this is a general description, and the actual template may contain more detailed provisions according to the specific requirements and considerations of the parties involved. It is advisable to consult legal professionals for advice and customization to ensure compliance with applicable laws and regulations.
The template aims to establish a set of standard terms and conditions that guide the negotiation and structuring of investments in early-stage companies seeking growth capital. It follows the best practices recommended by the British Private Equity & Venture Capital Association (BVCA).
This Model Term Sheet serves as the initial agreement that outlines the key terms and conditions of the investment, providing a framework that can later be used to create definitive legal documentation. It covers a wide range of essential aspects, including but not limited to:
1. Company information: Pertinent details about the startup, such as its legal name, registered address, company registration number, and industry.
2. Investment details: The total amount of investment sought, minimum and maximum investment thresholds, and the proposed equity stake the investor would receive in return for their investment.
3. Share classes and rights: Specifies the type and class of shares being offered, highlighting any special rights, privileges, or preferences associated with those shares.
4. Valuation and pre-money valuation cap: Determines the startup's valuation for the purpose of calculating the investment amount and the investor's equity stake. It may also include a pre-money valuation cap to protect the investor in case of further fundraising at a significantly higher valuation.
5. Dilution protection: Addresses mechanisms to safeguard the investor against future dilution of their ownership percentage, such as preemptive rights, anti-dilution provisions, or participation rights.
6. Dividend policy: Outlines the startup's policy regarding distributions or dividends to shareholders, if applicable.
7. Liquidation preferences: Specifies the order of priority in which the investors will receive their investment back in the event of a liquidation or sale of the company.
8. Board composition and voting rights: Determines the number of board seats each party will be entitled to, along with voting rights and protocols for decision-making.
9. Information rights and investor protection: Establishes the level of information and financial reporting the startup must provide to the investor, enabling proper monitoring and assessment of the company's performance.
10. Lock-up periods, exit rights, and drag-along provisions: Outlines any restrictions on transferring or selling shares, as well as the terms for potential exit opportunities and the investor's ability to participate in the sale of the company.
11. Governing law and dispute resolution: Specifies that the agreement will be governed by UK law and outlines procedures for resolving any potential disputes that may arise.
Please note that this is a general description, and the actual template may contain more detailed provisions according to the specific requirements and considerations of the parties involved. It is advisable to consult legal professionals for advice and customization to ensure compliance with applicable laws and regulations.
How it works
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Standard Capital Expenditure Restriction Clause For Loan Agreements
This legal template pertains to a standard capital expenditure restriction clause for loan agreements under UK law. A capital expenditure restriction clause is a contractual provision that imposes limitations on the borrower's ability to spend borrowed funds on specific long-term investments or expenditures that may affect the borrower's financial standing.
In the context of a loan agreement, this template aims to outline the terms and conditions governing the borrower's capital expenditure activities during the loan's term. The clause ensures that the borrower does not divert funds towards large-scale investments, purchases, or expansions without the lender's approval. Such restrictions are typically implemented to protect the lender's interests and mitigate potential risks associated with excessive capital expenditures that could hinder the borrower's ability to repay the loan.
This template, specifically tailored for loan agreements within the jurisdiction of the United Kingdom, aligns with the relevant legal framework, regulations, and best practices of the country. It outlines the scope of the capital expenditure limitations, the procedures for obtaining the lender's consent, and the consequences of breaching the clause. The template may also include provisions related to the evaluation criteria for approving capital expenditure requests and any essential reporting or notification obligations imposed on the borrower.
By utilizing this legal template, lenders and borrowers can establish clear guidelines surrounding the borrower's capital expenditure decision-making process, ensuring transparency, compliance, and effective risk management.
In the context of a loan agreement, this template aims to outline the terms and conditions governing the borrower's capital expenditure activities during the loan's term. The clause ensures that the borrower does not divert funds towards large-scale investments, purchases, or expansions without the lender's approval. Such restrictions are typically implemented to protect the lender's interests and mitigate potential risks associated with excessive capital expenditures that could hinder the borrower's ability to repay the loan.
This template, specifically tailored for loan agreements within the jurisdiction of the United Kingdom, aligns with the relevant legal framework, regulations, and best practices of the country. It outlines the scope of the capital expenditure limitations, the procedures for obtaining the lender's consent, and the consequences of breaching the clause. The template may also include provisions related to the evaluation criteria for approving capital expenditure requests and any essential reporting or notification obligations imposed on the borrower.
By utilizing this legal template, lenders and borrowers can establish clear guidelines surrounding the borrower's capital expenditure decision-making process, ensuring transparency, compliance, and effective risk management.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
5
RATINGS
3
DISCUSSIONS
3
Board Resolution To Approve The Form And Sending Of Written Members' Resolution
This legal template refers to a Board Resolution under UK law that pertains to the approval of a written resolution proposed by the members of an organization. In the context of corporate governance, written resolutions are commonly used as an alternative to physical meetings, enabling members to vote on important matters without the need for a physical gathering.
This document outlines the necessary steps and procedures for the board's approval of the form and sending of written members' resolutions. It may include details on board meetings where the matter was discussed, the information or draft resolution provided by the members, and any relevant legal requirements to ensure compliance with UK law.
The board's resolution serves to validate and authorize the proposed members' resolution, affirming its conformity with legal and regulatory frameworks. This template would likely include the names and positions of the board members who participated in the resolution, the decision reached, and any instructions or requirements for the subsequent steps, such as dissemination to the members or official filing procedures.
Overall, this document plays a crucial role in acknowledging and formalizing the members' resolution, providing legal significance to their initiatives while complying with UK corporate law's specific requirements.
This document outlines the necessary steps and procedures for the board's approval of the form and sending of written members' resolutions. It may include details on board meetings where the matter was discussed, the information or draft resolution provided by the members, and any relevant legal requirements to ensure compliance with UK law.
The board's resolution serves to validate and authorize the proposed members' resolution, affirming its conformity with legal and regulatory frameworks. This template would likely include the names and positions of the board members who participated in the resolution, the decision reached, and any instructions or requirements for the subsequent steps, such as dissemination to the members or official filing procedures.
Overall, this document plays a crucial role in acknowledging and formalizing the members' resolution, providing legal significance to their initiatives while complying with UK corporate law's specific requirements.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
5
RATINGS
5
DISCUSSIONS
0
Particulars Of Claim For Private Nuisance
This legal template, "Particulars Of Claim For Private Nuisance under UK law," is designed to outline the various elements and particulars that need to be included in a legal claim pertaining to a private nuisance under the jurisdiction of the United Kingdom.
A private nuisance refers to a situation where an individual's use or enjoyment of their property is unlawfully interfered with by another person, causing substantial annoyance, discomfort, or inconvenience. This template assists individuals in presenting a legally sound claim against the responsible party with the aim of seeking redress, compensation, or injunctions to cease the nuisance activities.
The template provides a comprehensive structure and format for outlining essential details, such as the names and addresses of both the claimant (the affected party) and the defendant (the alleged nuisance-causing party). It also covers the factual background of the nuisance, including a description of the claimant's property, the activities or conditions causing the nuisance, and the extent of the harm or impact suffered.
Furthermore, this template guides users in presenting a clear chronology of events leading up to the filing of the claim, specifying dates, occurrences, and any relevant notices or warnings provided to the defendant. It allows for the inclusion of relevant legal references, such as past court decisions or statutory provisions, to support the claimant's case and establish a legal basis for alleging private nuisance.
Additionally, the template assists in stating the specific legal grounds for the claim, including any applicable common law principles or statutory provisions under UK law. It prompts users to outline the primary legal arguments, demonstrating how the defendant's actions or omissions have breached the claimant's legal rights and caused the private nuisance.
Moreover, the template provides space for the claimant to quantify the damages sought, be it monetary compensation for actual losses, damages for emotional distress, or a request for an injunction to prevent further nuisance-causing activities. It also accounts for potential counterarguments the defendant may raise, allowing the claimant to address these arguments proactively within their claim.
Overall, this template aims to provide a comprehensive structure for individuals seeking to initiate a legal claim for private nuisance under UK law by ensuring that all essential particulars, legal references, and arguments are methodically presented in a coherent and persuasive manner.
A private nuisance refers to a situation where an individual's use or enjoyment of their property is unlawfully interfered with by another person, causing substantial annoyance, discomfort, or inconvenience. This template assists individuals in presenting a legally sound claim against the responsible party with the aim of seeking redress, compensation, or injunctions to cease the nuisance activities.
The template provides a comprehensive structure and format for outlining essential details, such as the names and addresses of both the claimant (the affected party) and the defendant (the alleged nuisance-causing party). It also covers the factual background of the nuisance, including a description of the claimant's property, the activities or conditions causing the nuisance, and the extent of the harm or impact suffered.
Furthermore, this template guides users in presenting a clear chronology of events leading up to the filing of the claim, specifying dates, occurrences, and any relevant notices or warnings provided to the defendant. It allows for the inclusion of relevant legal references, such as past court decisions or statutory provisions, to support the claimant's case and establish a legal basis for alleging private nuisance.
Additionally, the template assists in stating the specific legal grounds for the claim, including any applicable common law principles or statutory provisions under UK law. It prompts users to outline the primary legal arguments, demonstrating how the defendant's actions or omissions have breached the claimant's legal rights and caused the private nuisance.
Moreover, the template provides space for the claimant to quantify the damages sought, be it monetary compensation for actual losses, damages for emotional distress, or a request for an injunction to prevent further nuisance-causing activities. It also accounts for potential counterarguments the defendant may raise, allowing the claimant to address these arguments proactively within their claim.
Overall, this template aims to provide a comprehensive structure for individuals seeking to initiate a legal claim for private nuisance under UK law by ensuring that all essential particulars, legal references, and arguments are methodically presented in a coherent and persuasive manner.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
8
RATINGS
3
DISCUSSIONS
1
