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
Advice On Constructive Dismissal (Letter To Employee)
This legal template provides guidance and advice to an employer seeking to address a potential constructive dismissal situation concerning their employee in the context of United Kingdom (UK) employment laws. Constructive dismissal refers to a situation where an employee chooses to resign due to the employer breaching their employment contract terms or creating an intolerable work environment.
The template contains a letter addressed to the employee, which aims to outline the employer's perspective and highlight their concerns regarding the employee's resignation. It provides an opportunity for the employer to respond to the employee's claim of constructive dismissal and potentially find a resolution to the issue. The letter may cover various aspects, including a factual analysis of the events leading up to the resignation, an assessment of the employee's allegations, and an invitation to further discuss the matter.
Alongside the general advice on handling a constructive dismissal claim, the template may also include standard legal language and references to relevant UK employment laws. It is important to note that this template is meant to serve as a starting point for the employer to adapt their specific circumstances and seek professional legal advice if needed. The aim is to address the employee's concerns and potentially avoid costly legal proceedings that could arise from unresolved constructive dismissal claims.
The template contains a letter addressed to the employee, which aims to outline the employer's perspective and highlight their concerns regarding the employee's resignation. It provides an opportunity for the employer to respond to the employee's claim of constructive dismissal and potentially find a resolution to the issue. The letter may cover various aspects, including a factual analysis of the events leading up to the resignation, an assessment of the employee's allegations, and an invitation to further discuss the matter.
Alongside the general advice on handling a constructive dismissal claim, the template may also include standard legal language and references to relevant UK employment laws. It is important to note that this template is meant to serve as a starting point for the employer to adapt their specific circumstances and seek professional legal advice if needed. The aim is to address the employee's concerns and potentially avoid costly legal proceedings that could arise from unresolved constructive dismissal claims.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
11
RATINGS
2
DISCUSSIONS
3
Long Form Adoption Policy
The Long Form Adoption Policy under UK law is a comprehensive legal template designed to outline the specific procedures, rules, and regulations related to the adoption process within the United Kingdom. It serves as a framework and guideline for adoption agencies, social workers, prospective adoptive parents, and other stakeholders involved in adoption proceedings.
This detailed policy template covers various aspects of the adoption process, including eligibility criteria for prospective adoptive parents, assessment procedures, matching and placement protocols, post-placement support services, and legal considerations. It ensures that all parties involved in adoption proceedings comply with the requirements of the law, promoting fairness, transparency, and the best interests of the child throughout the entire adoption process.
The Long Form Adoption Policy provides in-depth guidance on several crucial areas, such as the assessment and approval of prospective adoptive parents, including background checks, home evaluations, and their capacity to provide a safe and nurturing environment for a child. It also outlines the necessary steps for matching and placement, ensuring that the child's needs, cultural background, and preferences are appropriately considered when finding a suitable adoptive family.
Additionally, this policy template addresses the post-placement support and monitoring requirements, which are crucial for promoting successful and stable adoption placements. It helps to establish clear lines of communication and ongoing assistance for adoptive families, ensuring access to necessary resources, counseling, and information.
Since adoption law in the UK is subject to periodic changes and amendments, this policy template aims to remain up-to-date with the latest legal provisions and government guidelines. It serves as a valuable resource for adoption agencies and professionals, providing a standardized framework to streamline adoption processes, protect the rights of children, and facilitate positive outcomes for everyone involved.
This detailed policy template covers various aspects of the adoption process, including eligibility criteria for prospective adoptive parents, assessment procedures, matching and placement protocols, post-placement support services, and legal considerations. It ensures that all parties involved in adoption proceedings comply with the requirements of the law, promoting fairness, transparency, and the best interests of the child throughout the entire adoption process.
The Long Form Adoption Policy provides in-depth guidance on several crucial areas, such as the assessment and approval of prospective adoptive parents, including background checks, home evaluations, and their capacity to provide a safe and nurturing environment for a child. It also outlines the necessary steps for matching and placement, ensuring that the child's needs, cultural background, and preferences are appropriately considered when finding a suitable adoptive family.
Additionally, this policy template addresses the post-placement support and monitoring requirements, which are crucial for promoting successful and stable adoption placements. It helps to establish clear lines of communication and ongoing assistance for adoptive families, ensuring access to necessary resources, counseling, and information.
Since adoption law in the UK is subject to periodic changes and amendments, this policy template aims to remain up-to-date with the latest legal provisions and government guidelines. It serves as a valuable resource for adoption agencies and professionals, providing a standardized framework to streamline adoption processes, protect the rights of children, and facilitate positive outcomes for everyone involved.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
6
RATINGS
3
DISCUSSIONS
2
Letter Of Advice To Employee Client On A Settlement Agreement
The legal template titled "Letter of Advice to Employee Client on a Settlement Agreement under UK Law" is designed to provide guidance and recommendations to an employee regarding a potential settlement agreement with their employer. This template aims to assist legal professionals in advising their clients on the necessary steps and considerations involved in negotiating and finalizing a settlement agreement.
The letter would typically outline the key provisions and terms of the settlement agreement, ensuring that the employee-client fully comprehends their rights, entitlements, and obligations in the proposed agreement. This includes evaluating the financial compensation package, potential changes to employment terms and conditions, and any non-monetary considerations such as confidentiality clauses or post-termination restrictions.
Furthermore, the letter may also cover legal implications, such as the impact of entering into the settlement agreement on the employee's statutory employment rights, any waivers or limitations on future legal claims against the employer, and the legal enforceability of the agreement itself.
Importantly, the template might provide tailored advice specific to the employee's circumstances, potentially considering factors like discrimination, harassment, or unfair dismissal claims, and providing advice on whether the settlement agreement adequately addresses these concerns.
Ultimately, this legal template aims to serve as a comprehensive advice letter to help the employee-client evaluate the proposed settlement agreement and make an informed decision about accepting or negotiating the terms. It is important to remember that legal professionals should tailor the advice provided in the template to the facts and legal framework relevant to each individual case.
The letter would typically outline the key provisions and terms of the settlement agreement, ensuring that the employee-client fully comprehends their rights, entitlements, and obligations in the proposed agreement. This includes evaluating the financial compensation package, potential changes to employment terms and conditions, and any non-monetary considerations such as confidentiality clauses or post-termination restrictions.
Furthermore, the letter may also cover legal implications, such as the impact of entering into the settlement agreement on the employee's statutory employment rights, any waivers or limitations on future legal claims against the employer, and the legal enforceability of the agreement itself.
Importantly, the template might provide tailored advice specific to the employee's circumstances, potentially considering factors like discrimination, harassment, or unfair dismissal claims, and providing advice on whether the settlement agreement adequately addresses these concerns.
Ultimately, this legal template aims to serve as a comprehensive advice letter to help the employee-client evaluate the proposed settlement agreement and make an informed decision about accepting or negotiating the terms. It is important to remember that legal professionals should tailor the advice provided in the template to the facts and legal framework relevant to each individual case.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
11
RATINGS
3
DISCUSSIONS
3
