Model Venture Capital Documents
The National Venture Capital Association offers this
"'template' set of model legal documents for venture capital investments put together by a group of leading venture capital attorneys. The model venture capital financing documents consist of:
Term Sheet
Stock Purchase Agreement
Certificate of Incorporation
Investor Rights Agreement
Voting Agreement
Right of First Refusal and Co-Sale Agreement
Management Rights Letter
Indemnification Agreement
...The model 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"
