How customisable are SeedLegals documents? Is SeedLegals just templates? How editable are the documents on the platform?
We designed SeedLegals using data from hundreds of deals to cater to pretty much any deal term requested by investors or founders.
It’s rare there’s a deal term that our platform doesn’t already support (at least a deal term that you’d want to agree to!).
To give an idea of the level of sophistication we support, our Shareholders Agreement and Articles are built using over 500 conditionals, each crafted based on analysis of hundreds of deals. Our platform has seen more deals than any lawyer, and remembers them all! And, when we come across an investor with their own preferred wording, we add their wording as a 1-click drop list option on SeedLegals (Under Advanced Terms > Investor Specific Provisions), so any future investees will be able to select all their usual wording in one click.
Adding Additional Items:
In the rare case that we don’t support a particular set of wording or deal term, the platform provides free-form ‘additional items’ sections. This is available under :
- the Term Sheet > Additional Items
- Advanced Terms > Shareholders Agreement Additional Items and Articles Additional Items sections.
Bespoke changes offline:
Given all the above, if you still want to make bespoke changes to the documents, we can also accomodate that by offering a Word version of any document generated by Seedlegals. You can then make any changes you require offline. (We recommend obtaining independent legal advice when making any changes to such legal documents as SeedLegals cannot offer legal advise on any amendement to our documents.)
Once you have made the requisite changes, reach out to our team with a PDF of the amended file and we can replace the document displayed on our platform. (Note, once an offline document is uploaded to our platform, any changes on SeedLegals will not affect your document). This measure allows you to continue using the SeedLegals platform for e-signing and maintain records in one place!
Basically, whatever you need, we'll make it happen.