Venture Deals · glossary
The company’s articles, which bind the company and every present and future shareholder. A right that must work against the company or a later holder, such as a preference or a drag-along, must be written here as well as in the agreement. Schedule 8 · Chapter 9
Explained in Chapter 9, Preference Shares and the Stack, of Venture Deals.
The Founders' Agreement was a contract, so the company could sue Duffy on his promise. But a court case was slow and uncertain, and the Series A could not wait. The company's constitution (its articles) governs the register of members.Read Chapter 5, Vesting, Leavers and the Founder Who Left →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Venture Deals and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Venture Deals → · All terms A–Z →