The following form* is a convertible note to be used in connection with the seed-stage financing of a startup company. Startups use seed-stage financing to raise operational capital for a period of 12-24 months in which they attempt to build their product and test the market for that product. This form includes practical guidance, drafting notes, alternate clauses, and optional clauses.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.