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Convertible Loan Note
US$149
The Problem
You need a Convertible Loan Note!
Related challenges include:
- you know a quality document is crucial to deal efficiency
- precedents are available online, but they are of dubious quality and aren’t tailored to your needs
- you have limited budget for external support
- it is the first time you have done this type of deal
Cancel those plans as another unnecessary night of cobbling something together lies ahead. Hopefully it will do…
The GLS Solution
This Convertible Loan Note ("CLN") documents the terms of loan that in specific predefined circumstances can be converted into shares in the borrower company.
This template is well suited for start-ups that want to raise funds without going straight into an equity funding round.
Like any commercial arrangement, ensuring that both parties clearly understand their respective rights and obligations is key to a successful relationship with a lender/investor.
Our CLN template is designed by world-class lawyers to be comprehensive yet succinct, flexible, easy to understand and easy to use.
This template covers all key issues, including: conversion triggers, conversion pricing, default provisions, confidentiality and how disputes will be resolved.
See our “Solution Sample” for a detailed sample of what is delivered and for user guidance!
Better, faster, safer, cheaper!
GLS – Law Rewritten
Solution Deliverables
Resource Delivery: | Your template will be automatically added to "My Legal Dept / My Legal Resources / Funding Zone" - ready for immediate use. Delivery in most cases is instantaneous. |
| World Class Templates: | World class templates, created by world class lawyers with decades of experience at the world’s best law firms. |
| Discount Rate: | As a user of this Document Solution you are entitled to a 10% discount on any engagement you enter with GLS Law Firm. |
| Constant Updates: | All our templates are regularly updated to track emerging market practices. |
| Harmonized Library: | Every GLS template is drafted so that it is harmonized with each and every other GLS template - same defined terms, clause ordering, boilerplate provisions, look’n’feel, plain English drafting- meaning that every template you buy will belong to a standard document library set. |
Pricing Comparison
| Big Law Review | US Rate | GLS Cost | Minutes |
|---|---|---|---|
| Partner | $850 | $149 | 10min |
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US$149.00
excl GST
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Sample Solution
