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In this tutorial, we continue our journey through term sheets with attorney Mike Laplante. Today, we focus on the stock purchase agreement and investor rights, essential documents in preferred stock financing. The stock purchase agreement is straightforward, as it outlines the purchase of shares with little room for negotiation. It's important to note that investors typically expect the company to cover their legal fees. Remember, there are five key agreements in every preferred stock financing deal, and these agreements will be broken down one by one in this series.
