NACO Common Docs

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Standard Term Sheets for Early Stage Startup Investment in Canada.

NACO is developing standard document templates that will be broadly applicable to its members as a starting point for negotiating investment terms with startups. The resulting templates should act as a reliable guideline for both investors and founders and cover 80% of the content (terms) required to negotiate investments in 80% of member early-stage investment scenarios.

Common Docs – Consultation Meetings – Please Join Us:

Montreal:
Monday, February 27th, 1:00 – 5:00pm
and (same content on both dates)
Tuesday, February 28th, 9:00am – 12:30pm

BDC Montreal Head Office
5 Place Ville Marie, Suite 300
Montreal, QC

Halifax:
Thursday, March 2nd, 9:00am – 2:00pm
Volta Labs
1505 Barrington Street, 7thfloor
Halifax NS

Calgary:
Monday, March 13th, 9:00am – 2:00pm
RBC – Banker’s Hall
335 – 8th Ave SW 6th floor
Calgary AB

Please RSVP to commondocs@nacocanada.com

Key Goals

The goals of the project is to develop standard documents that:
  • Align the interests of the founder and funder;
  • Position the company for future investment and growth;
  • Protect the rights of the investor;
  • Reduce the friction inherent in negotiating deal terms

The set of term sheets will roughly cover common equity, preferred equity, and convertible debt deals. We are also looking to work on standardized Canadian versions of convertible equity

We are being joined by sponsors and participants helping to define these terms with a background in legal, finance, investment, and entrepreneurship.

The initial project to produce these Common Docs will run through the end of March 2017. The documents and supporting educational content will be posted here on the NACO site, and available under an open license for use and re-use by the entire Canadian early-stage startup community.

If you are interested in becoming part of the NACO Common Docs project as a sponsor or participant, get in touch with us. 

Follow #NACOCommonDocs and stay tuned to our progress.

Sponsors and Partners

 

National Best Practices Partners

 
Canada Logo
RBC Logo
BDC Logo
 

Common Docs Legal Partners

 
MLT Aikins Logo
Gowling WLG Logo
McInnes Cooper Logo
Caravel Law Logo
Bennet Jones Logo
 

Common Docs Event Partners

 
Volta Effect Logo
JLABS Logo