Remove Date Field in the Investor Rights Agreement and eSign it in minutes

Aug 6th, 2022
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How to Remove Date Field in the Investor Rights Agreement

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in this video im going to show you how you can get the date out of a field like this that contains both the date and the time and so the easiest way to do this is by actually just using the date function itself youll notice theres an argument for the year month and the date and the year also has its own function so what i can do is select this cell and its going to extract the year from here and then the same thing for the month function reference that and the day function the same thing so i closed that out and now ive got day month in the year in here but i havent copied over the time value of 1600 hours so i can copy this down and it goes all the way to the end now one way i can check to make sure that there hasnt been any time is i can use the hour function select this cell here and it shows you 16 so for 4 pm the hour function for this returns a value of 0 so there you can see that it did not transfer the hours or or any time and so if youre good with this what you can do

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As part of the negotiation to secure your initial investment, you are granted pro rata rights in the seed round.
Some founders choose to include a major investor clause, which defines what the company considers to be a major investor based on an amount invested, or by number of shares purchased. The major investor clause matters because, if included, the company can reserve rights and provisions for major investors only.
An investment agreement generally covers the terms of the investment by the investor into the company. It documents a one-off transaction between the investor and the company. In contrast, a shareholders agreement governs the rights and responsibilities of all the shareholders and the company going forwards.
An Investor Rights Agreement (IRA) is an agreement between an investor and a company that contractually guarantees the investor certain rights including, but not limited to, voting rights, inspection rights, rights of first refusal, and observer rights.
The key clauses of a term sheet can be grouped into four categories; deal economics, investor rights and protection, governance management and control, and exits and liquidity.
The investor rights agreement specifies the investors right of first refusal, whether they have any restrictions on the sale or transfer of shares, and allocated voting rights or board responsibilities. Investor rights agreements offer protection for both the investor and the company.
​Definition​ A registration rights provision in a term sheet allows an investor to require a company to register the investors shares with the SEC when certain conditions are met, ensuring that the investor has the opportunity to sell their shares in the public market.
​Definition​ A super pro rata rights provision in a term sheet or side letter grants investors the right to buy a larger percentage of a company in a subsequent financing round.

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