Resolutions of the board of directors of an emerging corporation approving the issue of one or more simple agreements for future equity (SAFEs). These resolutions are formatted as Standard Clauses and should be inserted into board minutes or a form of resolution in writing of the directors. For further information on the startup and emerging companies services, see the Corporate Law and Business Formation & Start-Up.
The FL Dr@ft (as defined below) are provided for your reference only and have been developed for companies incorporated in Canada.
You acknowledge and agree that the making available of these automated documents and questionnaires (the “FL Dr@ft”) to you by Fauri Law shall not create any attorney-client or other confidential or special relationship between you and Fauri Law and does not constitute the provision of legal advice or other professional advice by Fauri Law. You should seek advice from a lawyer licensed in the relevant jurisdiction(s), as well as a tax professional, before relying on the FL Dr@ft. Additionally, the information provided in the FL Dr@ft and the questionnaire does not constitute tax advice. You further agree and acknowledge that the FL Dr@ft documents have not been prepared with your specific circumstances in mind, may not be suitable for use in your business, and do not constitute tax advice. Relying on these FL Dr@ft documents, you assume all risk and liability that may result. You should not use FL Dr@ft documents and you should consult your tax, accounting and/or legal advisors in the event the business you are considering organizing has material existing assets, liabilities or operations, or if any assets or contributions are being made by a founder that would cause the value of the company to be anything other than minimal.
Review all documents carefully for accuracy before using them.
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These terms and the operations or availability of the FL Dr@ft document automation may be changed by Fauri Law, with or without notice, at its sole discretion.