Startup Estonia, in cooperation with various lawyers, has published a series of free templates of industry-standard legal documents for companies to use.
The aim of publishing these templates is to help startups and investors in Estonia focus on company and deal specific matters. “These documents are made freely available in the hope that they will help to educate the Estonian startup community, speed up foundation, team-building and early stage investment process, and lower the legal costs,” Startup Estonia says.
However, “these documents should be seen as starting point only and should be tailored to meet specific circumstances because no two companies or investments are the same”.
The documents have been drafted by a working group of the Estonian Private Equity and Venture Capital Association’s legal committee, consisting of various lawyers from different law firms.
Startup Estonia and the Estonian Private Equity and Venture Capital Association warn, however, that they won’t take “any responsibility for the content of the documents or the consequences of using them and none of the documents should be construed as legal advice for any particular facts or circumstances”. They also say it is essential that whoever wants to use these documents should seek legal advice before doing so.
The templates are available on the Startup Estonia website.
Startup Estonia is a governmental initiative financed by the European Regional Development Fund, aimed at supercharging the Estonian startup ecosystem.
The cover image is illustrative.