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I think an interesting place to start would be trying to break the UCC down into a numbers/data based system. Similarly, it would be interesting to try and tak
by joshjkim 12y ago
I think an interesting place to start would be trying to break the UCC down into a numbers/data based system.
Similarly, it would be interesting to try and take a relatively conventional transaction (incorporation documents, convertible notes, Series A) and place the key economic terms in a spreadsheet, and then incorporate the other legal boilerplate (indemnification, securities exemptions, etc.) by reference to a standard T&Cs-type document - I know some incubators already do this by having the key terms as a "fill-in-the-blank field (I think AngelPad does this..). The agreement would then just be a spreadsheet-like form, with the other terms incorporated by reference.