Click here to open the Series Seed Convertible Note Financing Documents Generator
These documents are intended only for US companies. Also note that the documents were designed for companies incorporated in Delaware.
Learn more about the Series Seed project and our contributions in our introductory post.
Current version: 1.0 (June 20, 2017 – RELEASE NOTES)
The Cooley GO Docs Series Seed Convertible Note Financing Documents Generator allows you to generate any or all of the following documents:
- Term Sheet
- Convertible Promissory Note
- Investor Suitability Questionnaire
- Board Consent
In the documents you will find many instances where provisions are surrounded by square brackets (“[ ]”). These brackets indicate that the language contained within is either optional or, particularly where two sets of bracketed provisions appear next to each other, are alternative choices. Please review these carefully, and consult with an attorney about the consequences of the options.
Please note that by providing these forms, we are not taking any position on whether a particular provision is “market” or not. In addition, by marking a provision as “optional” we are simply indicating that, in our experience, the inclusion or exclusion of the term is more often negotiated than not. It does not mean that we are taking any position about whether a term should or should not be included or how it should be phrased. The decision of whether to include any particular provision should be based on the mutual agreement of the parties, and any decision should be made by the user, in consultation with counsel.
Cooley LLP does not assume any responsibility for any consequence of your use of this document. Cooley LLP does not endorse or recommend the use of these default values or the documents themselves. Deal terms should be negotiated based on your specific circumstances. You are responsible for ensuring that all necessary securities filings, if any, are prepared and filed. You should consult with an attorney before relying on any legal documents, especially if you don’t understand any of their terms. This Cooley GO Docs Series Seed Notes Financing Documents Generator contains important legal disclaimers. Review carefully and use at your own risk.