Legal Junkies Forums

#1 Community for Legal Questions and Answers

 
Go Back   Legal Junkies Forums > BUSINESS and FINANCE LAW > Other Business and Finance Law Issues

Register FAQ Tags Members List Social Groups Search Today's Posts Mark Forums Read Layout

Notices


Reply

 

Thread Tools Search this Thread Rate Thread Display Modes
Old 01-11-2018, 08:38 AM   #1
NJJ22
Junior Member
Country:  
NJJ22's Flag is: United States
 
Join Date: Jan 2018
Posts: 1
Default Angel investor legal issue

Who should prepare the contract when an angel investor invests in a startup?
Does the startup normally have an obligation to do the contract drafting, or does the investor normally prepare the working draft?
NJJ22 is offline   Reply With Quote


Did you find this post helpful? Yes | No
Old 01-11-2018, 10:13 AM   #2
AFFA
Top Level Member
 
AFFA's Avatar
 
Join Date: Dec 2009
Posts: 22,867
Default Re: Angel investor legal issue

I wish to inform you that any party may agree to prepare draft of agreement. Agreement refers to terms and conditions agreed by parties and hence any party may draft an agreement in accordance with terms and conditions agreed. Generally angel investor may prefer to draft as they have legal team which may protect its interest while drafting agreement.

AFF
AFFA is offline   Reply With Quote


Did you find this post helpful? Yes | No
Old 01-11-2018, 06:23 PM   #3
adjusterjack
Top Level Member
 
Join Date: May 2016
Posts: 1,103
Default Re: Angel investor legal issue

Quote:
Originally Posted by NJJ22 View Post
Who should prepare the contract when an angel investor invests in a startup?
Does the startup normally have an obligation to do the contract drafting, or does the investor normally prepare the working draft?
If I put up my money you can be damned sure I'd be the one writing the contract.

This angel investor would have to be really stupid to have to think about that for even a minute.
adjusterjack is offline   Reply With Quote


Did you find this post helpful? Yes | No
Old 01-12-2018, 11:37 AM   #4
Lexus
Top Level Member
 
Lexus's Avatar
 
Join Date: Sep 2010
Posts: 8,189
Default Re: Angel investor legal issue

Any party to the contract can prepare the contract and in this case normally the investor will take initiative to prepare the contract.
Lexus is offline   Reply With Quote


Did you find this post helpful? Yes | No
Old 01-13-2018, 07:31 AM   #5
Unregistered
Guest
 
Posts: n/a
Default Re: Angel investor legal issue

Quote:
Originally Posted by NJJ22 View Post
Who should prepare the contract when an angel investor invests in a startup?
Does the startup normally have an obligation to do the contract drafting, or does the investor normally prepare the working draft?
There are many templates online and at legal forms sites.
Most angel investors want to use their own form and you have to negotiate from that form.
  Reply With Quote


Did you find this post helpful? Yes | No
Reply

Bookmarks

This thread has 4 replies and has been viewed 218 times


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:


Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads

Thread Thread Starter Forum Replies Last Post
Norway company selling shares to US angel investor Tabatha3 International Trade Law 4 08-06-2016 10:44 AM
Anonymous angel gives Indiana Tech a law library National_Law_Journal Law Schools in the News 0 12-06-2012 06:51 PM
What is the Engel or Angel Law is and how it works? Unregistered Miscellaneous Topics 1 03-12-2011 09:48 PM
Looking for a Principal Attorney for our Law Firm, Angel Law Group PC angellawgroup Consumer Bankruptcy 0 11-16-2010 07:56 AM
Angel Investor from the UK (demanding to send 'terrorist checks') Unregistered International Law Issues 1 02-01-2010 03:15 AM




All times are GMT -4. The time now is 08:57 AM.


Use of the Forums is subject to our Disclaimer. Copyright 2009-2018 by LegalJunkies.com