Below are all the legal and contractual definitions for the term “
" found within legal contracts contributed to The Genie Community.
All those below are used by lawyers, in-house legal counsel, startups and business owners alike.
Note: These definitions may differ between geographies, company size and contract category.
the either: (1) the Safe Price or (2) the Discount Price, whichever calculation results in a greater number of shares of Safe Preferred Stock.
This postmoney SAFE (Simple Agreement for Future Equity) can be used by startups as a tool for early-stage fundraising. YC's SAFE allows for high resolution fundraising and can reduced legal fees for both startups and investors by reducing the amount of time spent on the negotiation of terms. This is a SAFE with a valuation cap and a discount rate.
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