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The US venture industry's standard financing documents, including the model term sheet, which is the reference for what 'market standard' means on each clause.
NVCA Model Legal Documents
From nvca.org by National Venture Capital Association Templates
- Compare any term you are offered with the model term sheet's default.
- Footnotes explain why each clause exists and what the alternatives are.
- Indian rounds use CCPS and a shareholders' agreement, but the economics are the same.
