News
What rights will the Angel CoFund have in investment documentation?
June 24, 2019
For the benefit and protection of all parties the Angel CoFund expects all investee companies to have appropriate legal documentation in place at completion of the investment. It will normally adhere to existing documentation, amended if required, and look to have a range of standard minority investor protections incorporated to protect shareholders interests (a schedule of these is available on request).
Other key things the CoFund will need to see incorporated in documentation are:
• Appropriate disclosure and warranties from the Company for the benefit of all investors; and
• The right for the CoFund to appoint a Board Observer (although it is not anticipated this will be exercised in normal circumstance).
Documentation will always be tailored to the specific investment; therefore other items may be covered where appropriate.