![]() Please note that VIMA 2.0 does not provide the entire range of potential options available or appropriate for early-stage financing rounds, since these are necessarily dependent on the specific transaction or parties involved. The Lexicon sets out the terms which are commonly used in an early-stage financing round, to provide founders and seed investors with general information and explanations on the terminology used in funding rounds.įounders and investors may use VIMA 2.0 to commence investment discussions and focus on key commercial points, tailoring any terms (or inserting any additional terms) as they may require into the documents. The documents have been drafted based on Singapore law, and therefore incorporate Singapore law as the chosen governing law and Singapore as the chosen dispute resolution forum. Employee Share Option Plan Schedule (NEW)Įach document includes explanatory and drafting notes on various clauses in the documents.Employee Deed of Assignment of Intellectual Property (NEW).CARE - Convertible Agreement Regarding Equity.Early stage companies may consider using the short form letter agreement, while later stage companies, growth or matured companies may consider using the long form letter agreement. For companies that are involved in a transaction that requires ESG documentation, the VIMA 2.0 suite includes a sample letter agreement that sets out some examples of how ESG-related provisions can be incorporated in an investment by way of a share financing or convertible note financing in a Singapore company. ![]()
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