• November 2019
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TATS Term Sheet

lawtrades services tats

Fundraising

Introducing “TATS” Tradable Automated Term Sheet.
 

– Facilitate trading of shares

– Sell the right way

– Curated for non-public companies


Details

The Tradable, Automated Term Sheet (“TATS”) (and corresponding investment documents) is designed to facilitate trading of shares of non-public companies. We have taken the standard set of Series Seed financing documents, available at seriesseed.com, and modified them to allow for, in certain circumstances, the transfer (sale) of private company stock by those early stage investors. The idea here is to incentivize investors by allowing them the option of earlier liquidity, hopefully allowing more startups to have access to funding.

In addition to adding the transferability of shares by investors, we have also added a Co-Sale right for the investors to the seriesseed.com documents. This allows investors a right to sell, in proportion to their ownership, alongside any proposed sale of shares by Founders. This also gives investors an incentive by providing them a possible option at earlier liquidity.

The TATS may not be applicable or advisable in every situation. Please contact an attorney before using these forms for any investment. LawTrades does not assume any responsibility for any consequence of using the TATS, including failure to comply with any applicable federal or state securities law.


Reviews 

 


Daniel, H. | ★★★★★

“Simple and trustworthy system. The project manager through text message is a good idea and helps a lot with the process, especially their timely response.”


Rafael, R. | ★★★★★

“I was very comfortable with the environment it was my first meeting and I knew it was on the right track I did understand my lawyer I was listening I did absorb the information given to me.”


Ori, A. | ★★★★★

“Great experience all around, LawTrades was just so much more personal and much better than other startup/online on-demand solutions for legal work,. Almost feels like I handpicked and hired the attorney myself. The Attorney was available to answer questions by phone or text message, so was the LawTrades rep who set the whole thing up. And when setting up new entities you always have questions, so this was a big deal for me. The Attorney assigned to my project was available on demand to help out explain things every step of the way and I think the guys at LawTrades have done a great job with making you feel extremely comfortable. After all was done I even got an email and a call from one of the co founders of the company to make sure I had a seamless experience. I never got a call from other companies I had used in the past like Legal zoom and the whole thing always felt so automated. Yes, granted Legal zoom probably have way more clients than Lawtrades and as such would not be feasible for their management to call everyone, however, that was a nice touch which I do appreciate. I will definitely be heading back to Lawtrades whenever I require legal assistance.”


Tamas, P. | ★★★★★

“Price. I know what I am paying instead of getting surprised. Transparent pricing I know what each bit costs instead of getting a big bill and not knowing what parts cost what and how much was for service vs hard fees such as filing fees. Also things progressed rapidly.”


Yash, P. | ★★★★★

“Amazing service, i cant get over texting to get a lawyer. it’s revolutionary and can legitimately improve the US justice system for people with no access to quality lawyers.”


Janet, S. | ★★★★★

“Quick and easy, I used LawTrades and worked with attorney Jonathan Hood to review a NDA. I got my questions answered right away. Arman was a great help making the connection. Would highly recommend the service.”