The IVCA has set up a Special Interest Group for Legal Affairs (IVCA SIG) to create model transaction documents for the benefit of the industry, which take into account diverse investment styles and strategies.
The key objectives of [this initiative] are:
As a first step, the IVCA SIG has prepared drafts of model term sheets for different investment instruments. The IVCA SIG has attempted to present these documents in a simplified manner. The draft model term sheets package comprises of:
These model documents were launched at the IVCA Conclave on July 15, 2013. The draft model documents will be open for public comments till 15 November 2013. We request you to email your comments and suggestions on the term sheets to the IVCA SIG at This email address is being protected from spambots. You need JavaScript enabled to view it. by this date. Comments and suggestions received will be taken into consideration and the draft model documents will accordingly be finalised and available on this web site.
The IVCA would like to thank the SIG members, without whose dedicated efforts and stewardship this would not have been possible. The group comprised:
The views expressed in the model documents are personal and do not reflect the views of their respective organizations.
The SIG (whose membership will not remain static) will continue to meet periodically to determine whether any changes need to be made to the documents, including in light of any legal developments or actual experience using the documents in deals.
DISCLAIMER: EACH DOCUMENT IS INTENDED TO SERVE AS A STARTING POINT ONLY, AND SHOULD BE TAILORED TO MEET YOUR SPECIFIC REQUIREMENTS. THE DOCUMENTS SHOULD NOT BE CONSTRUED AS LEGAL ADVICE FOR ANY PARTICULAR FACTS OR CIRCUMSTANCES. If your law firm is interested in co-authoring this section, please contact Manleen Raheja at This email address is being protected from spambots. You need JavaScript enabled to view it.
