Simple Agreement For Future Equity
State:
Multi-State
Control #:
US-ENTREP-008-5
Format:
Word;
Rich Text
Instant download
Description
This term sheet summarizes the principal terms of the proposed Simple Agreement for Future Equity ("SAFE") financing of a Company, by certain Investors. This term sheet is for discussion purposes, is not binding on an Investor, nor is an Investor obligated to consummate the financing until a definitive SAFE agreement has been agreed to and executed. The term sheet does not constitute an offer to sell or an offer to purchase securities.
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How to fill out Simple Agreement For Future Equity?
1. Start by filling out the full legal name of the Company (the Issuer) and the full legal name of the Investor.
2. Insert the current date of the agreement.
3. Specify the total amount of money the Investor will invest in the Company.
4. State the agreed-upon valuation of the Company at the time of the investment.
5. Include the exact percentage of equity ownership the Investor will receive in exchange for their investment.
6. Outline any additional terms and conditions of the agreement, such as vesting schedules, rights of first refusal, or anti-dilution provisions.
7. Both the Company and the Investor must sign and date the agreement to make it legally binding.
It is possible to fill out the Simple Agreement for Future Equity form online through platforms like US Legal Forms. On US Legal Forms site, users can find up-to-date lawyer-approved, state-specific form templates and complete or download them in Word, PDF, and RTF formats. To access these forms, users need to register and buy a Basic or Premium subscription on a monthly or annual basis.
2. Insert the current date of the agreement.
3. Specify the total amount of money the Investor will invest in the Company.
4. State the agreed-upon valuation of the Company at the time of the investment.
5. Include the exact percentage of equity ownership the Investor will receive in exchange for their investment.
6. Outline any additional terms and conditions of the agreement, such as vesting schedules, rights of first refusal, or anti-dilution provisions.
7. Both the Company and the Investor must sign and date the agreement to make it legally binding.
It is possible to fill out the Simple Agreement for Future Equity form online through platforms like US Legal Forms. On US Legal Forms site, users can find up-to-date lawyer-approved, state-specific form templates and complete or download them in Word, PDF, and RTF formats. To access these forms, users need to register and buy a Basic or Premium subscription on a monthly or annual basis.