MAIN, GIZ launch set of free-standard legal documents for investors and early-stage founders
In partnership with the German Development Cooperation implemented by GIZ Egypt (GIZ), The Middle East Angel Investment Network (MAIN), led by Egypt-based angel network Cairo Angels, has launched free standard Egyptian legal documents, in a step to make the deal-making process more efficient and hassle-free.
The “open source” set of documents, comprising Equity Term Sheet, Shareholder Agreement and Subscription Agreement, are designed to save founders and investors time and money and help them create better deals. Investors, as well as startup founders, can access and download documents available on MAIN’s website. It is similar to the standard termsheet launched by Clara in December 2020.