Common Docs In Q1 2017, NACO created a task force of members and stakeholders, including leading law firm partners, to develop nationally applicable and accepted best practices for structuring Angel stage deals. The goal of the project is to develop standards that guide Angel investors to structure deals that: • Align the interests of the investor and investee • Position the company for future investment and growth • Protect the rights of the investor • Reduce the friction inherent in negotiating deal terms The NACO Common Docs portal (https://www.nacocanada.com/ commondocs/) is meant to be a community resource for ongoing release of educational materials, notes and opinion pieces related to early-stage financing in Canada. The task force released its first set of four term sheets with materials and notes in April 2017.
80 A Practical Guide to Angel Investing
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