Term Sheet (UK) by Seedsummit
The Seedsummit Seed Share Term Sheet outlines key terms for an early-stage equity financing round under UK law, covering valuation, liquidation preferences, investor rights, founder vesting, and governance. It provides a model structure for venture capital investment using Series Seed preferred shares, reflecting BVCA-standard provisions and typical UK market practice.
SUMMARY OF TERMS FOR THE SALE OF SERIES SEED SHARES
This Summary of Terms is for use in the first round of equity funding involving institutional/venture capital investors.
Seedsummit notice:
The content and documents on the website have been prepared for informational purposes only and are not legal advice.Transmission of the information is not intended to create, and receipt does not constitute an attorney-client relationship.Audience should not act upon this information without seeking professional counsel. The information contained herein isprovided only as general information which may or may not reflect the most current legal developments. This information is notprovided in the courseof an attorney-client relationship and nor intended to constitute legal advice or to substitute for obtaininglegal advice from an attorney licensed in your region
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England & Wales note
This version is drafted for England & Wales. Scotland and Northern Ireland differ on some points — for example notice periods and tribunal procedure. Tell GitLaw where you hire and it adjusts the draft.
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