Board Resolutions: SAFE Financing (Seed-Stage Startup) | Practical Law

Board Resolutions: SAFE Financing (Seed-Stage Startup) | Practical Law

Resolutions of a board of directors approving a startup seed financing in which the company issues simple agreements for future equity (SAFEs). These resolutions are formatted as standard clauses and should be inserted into board minutes or a form of unanimous written consent. These Standard Clauses have integrated notes with important explanations and drafting tips.

Board Resolutions: SAFE Financing (Seed-Stage Startup)

Practical Law Standard Clauses w-001-0969 (Approx. 11 pages)

Board Resolutions: SAFE Financing (Seed-Stage Startup)

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
Resolutions of a board of directors approving a startup seed financing in which the company issues simple agreements for future equity (SAFEs). These resolutions are formatted as standard clauses and should be inserted into board minutes or a form of unanimous written consent. These Standard Clauses have integrated notes with important explanations and drafting tips.