The NVCA Model Legal Documents are the industry-embraced model documents that can be used in venture capital financings. They reduce the time and cost of financings and free principals time to focus on high-level issues.
The model documents:
- Reduce transaction costs and time
- Reflect, guide, and establish industry norms
- Avoid bias toward the VC or the company/entrepreneur
- Present potential options, reflecting a variety of financing terms
- Include explanatory commentary where necessary or helpful
- Anticipate and eliminate traps for unenforceable or unworkable provisions
- Provide a comprehensive set of internally consistent financing documents