Since the early 2000’s, the National Venture Capital Association has maintained model legal agreements for Series A venture financings. These forms are the templates for most of the Series A financings in the United States and are periodically updated to adjust to changes in the market and the legal/regulatory environment.
The most recent update includes additional provisions for life science investments, shareholder approval rights for ICOs and an option for alternative dispute resolution under the Delaware Rapid Arbitration Act.
Rimon Law partner Dror Futter, a member of the NVCA model forms drafting group, provides an expanded summary of the changes in the most recent update in the following client alert you can read right here: NVCA Updates Its Series A Model Legal Documents.
If you have any questions or want further information, feel free to contact Dror Futter directly and, of course, you can contact me, Joe Rosenbaum or any of the attorneys at Rimon Law with whom you regularly work.