SAFE: Simple Agreement for Future Equity (Seed-Stage Startup) | Practical Law

SAFE: Simple Agreement for Future Equity (Seed-Stage Startup) | Practical Law

A simple agreement for future equity (SAFE) for use in connection with a private placement to accredited investors in reliance on Rule 506 of Regulation D under the Securities Act or Section 4(a)(2) of the Securities Act. The SAFE is intended for use by early-stage startup companies to raise seed capital from angel investors, friends, and family before receiving institutional venture capital financing. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.

SAFE: Simple Agreement for Future Equity (Seed-Stage Startup)

Practical Law Standard Document w-001-3072 (Approx. 33 pages)

SAFE: Simple Agreement for Future Equity (Seed-Stage Startup)

by Practical Law Corporate & Securities
Maintained • USA (National/Federal)
A simple agreement for future equity (SAFE) for use in connection with a private placement to accredited investors in reliance on Rule 506 of Regulation D under the Securities Act or Section 4(a)(2) of the Securities Act. The SAFE is intended for use by early-stage startup companies to raise seed capital from angel investors, friends, and family before receiving institutional venture capital financing. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.