Subscription agreement (angel or venture capital investors): Sample template for Ontario startups
Once you have negotiated and signed back a term sheet with an investor (whether it is an angel investor or a capital venture investor), the process of ensuring that you have all the proper legal documents will begin. Several key documents must be drafted, negotiated and finalized before an investor will cut a cheque for your business. One of these documents is the subscription agreement.
The purpose of your subscription agreement
A subscription agreement provides the details of the purchase price of the sale of the shares of your business. It also includes the representation and warranties that each party will make to each other as part of the agreement. (Learn more about subscription agreements.)
MaRS has created a sample template of a subscription agreement to help streamline business for investors, founders and their respective legal advisors. While MaRS makes this document available for educational purposes and to facilitate the negotiation of terms between investors and startups, the template.
Sample subscription agreement template
This sample legal document has been made available by MaRS Discovery District for informational purposes only and does not constitute advertising, a solicitation, or legal advice. Neither the transmission of this sample legal document nor the transmission of any information contained in this website is intended to create, and receipt hereof or thereof does not constitute formation of, a lawyer-client relationship. Internet subscribers and online readers should not rely upon this sample legal document or the information contained in this website for any purpose without seeking legal advice from a qualified lawyer practicing in the reader’s province.
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