The previous chapters of this work have focused on the clauses dealing with Equity Financing, Liquidity, and Dissolution events, for which a smart contract implementation has been developed. This chapter discusses clauses in SAFE legal contracts that the authors have not attempted to implement within the smart contract. In particular, it addresses the handling of equity financing documents, pro rata rights, company and investor representations, and miscellaneous other provisions in the SAFE. The chapter also discusses the Most Favored Nation SAFE and the amendment provision that gives it its name.

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Issues in Implementing Other SAFE Clauses

  • Michael J. Maher,
  • Ron van der Meyden

摘要

The previous chapters of this work have focused on the clauses dealing with Equity Financing, Liquidity, and Dissolution events, for which a smart contract implementation has been developed. This chapter discusses clauses in SAFE legal contracts that the authors have not attempted to implement within the smart contract. In particular, it addresses the handling of equity financing documents, pro rata rights, company and investor representations, and miscellaneous other provisions in the SAFE. The chapter also discusses the Most Favored Nation SAFE and the amendment provision that gives it its name.