The NVCA (National Venture Capital Association) is an excellent source of venture capital related legal templates, including:
- Term Sheet
- Stock Purchase Agreement
- Certificate of Incorporation
- Investor Rights Agreement
- Voting Agreement
- Right of First Refusal and Co-Sale Agreement
- Management Rights Letter
- Indemnification Agreement
I particularly like the term sheet template. In some cases it gives you the verbiage for a number of alternatives so you can see how this may vary from least to most egregious (since we’re talking legalese). If you have just been offered a term sheet or are in pursuit of one, this can be very helpful for understanding what may be seen as the "norm."
VCs: Any terms that you use that you find missing in this?
Entrepreneurs: Any terms that you find particularly confusing?