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We have also established a “Back to Back Agreement” for lenders and consultants, which can be used in conjunction with this standard form of confidentiality agreement. The subscription and shareholding contract has been designed to be signed as this contract that avoids the execution formalities necessary for the act. This approach is usually supported by the lawyer`s opinion (available here) with the cavee that one should always get specific legal advice for each situation. Practical Law has also prepared draft model articles of association and subscription and shareholder agreements. It is an excellent and beneficial complement to the documentary suite. These documents have been prepared for use in a Series A funding cycle. They provide for a significant investment made in whole or in part by investors. You do not lend yourself to seed investments and for more information to help entrepreneurs in this area, see the drop-down tab on the right. Exclusion of liability: neither the BVCA nor any member of its committees or working groups assumes any responsibility for the content of the documents or the consequences of their use and that it is essential to obtain legal advice before using the documents. These documents serve only as a starting point and must be tailored to your specific legal and business requirements. None of these documents should be construed as legal advice for specific facts or circumstances.
Institutional investors include pension funds, insurance, family offices, sovereign wealth funds, foundations and foundations. The BVCA model documents were developed for use in a Series A funding cycle. They provide for a significant investment made in whole or in part by investors. The BVCA believes that the standard documents are not appropriate for use in a start-up funding cycle. These rounds are usually documented using shorter form documents, either replaced or updated for an A-series round. The BVCA thanks Susanna Stanfield (JAG Shaw Baker), John Heard (Abingworth), Sally Roberts (Accel), Jon Tilley (Practical Law), Andrew Wigfall and David Strong (both Marriott Harrison) for their continued support throughout this project. We remain grateful to the participants in this project: Simon Walker (formerly Taylor Wessing), Alastair Breward (ex-Amadeus) and Steve Parkinson (ex-EY). Many law firms, networks of entrepreneurs and other organizations offer documents adapted to the needs of seed investments available on the Internet. Due to its great diversity and the diversity of seed investment conditions, the BVCA makes no concrete recommendations on the most appropriate suite. The BVCA recommends that contractors get professional advice.
Our aim is simple: to promote professional legal documentation in the UK, so that investors and entrepreneurs can focus on market-specific issues. . . .