Coworking service agreement

2 parties T&C Service Renewal and termination Recurring payment

What is a Coworking service agreement?

A Coworking service agreement is a contract between a coworking space provider and an individual or company seeking to utilise the shared workspace and associated amenities and services. Coworking spaces offer flexible arrangements where individuals or businesses can rent desks, offices, or meeting rooms on a short-term basis, typically under a monthly membership or agreement.
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Tips

Member Responsibilities: Clearly state the responsibilities of members, such as maintaining cleanliness, respecting others’ property, adhering to safety protocols, and following any community guidelines or codes of conduct.
Use of Facilities: Detail the permitted uses of the coworking space, including any restrictions on activities, noise levels, or guests. Specify any shared resources like meeting rooms, printers, or kitchen facilities and how they should be utilised.

Advanced subscription agreement

2 parties Subscription Amount Reverse vesting Major investor rights

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What is an Advanced subscription agreement?

An Advanced subscription agreement is a type of investment agreement used by startups or early-stage companies to raise capital from investors. Unlike traditional equity financing, where investors receive shares of the company’s stock immediately upon investment, an advanced subscription agreement allows investors to commit funds upfront in exchange for the right to receive shares at a later date, typically upon the occurrence of a specified trigger event, such as a future funding round or an exit event.

Advanced subscription agreements are often used in jurisdictions where traditional convertible debt instruments may not be suitable or permissible, offering flexibility for startups and investors while simplifying the fundraising process. However, they also involve certain risks and complexities, so it’s important for both parties to carefully review and negotiate the terms of the agreement with the guidance of legal and financial advisors.
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Tips

Understand Your Needs: Before drafting the agreement, clearly understand your company’s financing needs and objectives. Determine how much capital you aim to raise, the valuation cap, and the discount rate you’re willing to offer to investors.
Be Transparent: Clearly disclose all terms and conditions to potential investors. Transparency builds trust and reduces the likelihood of misunderstandings or disputes later on.
Provide Context: Include a clear explanation of the purpose and structure of the advanced subscription agreement. Help investors understand how it differs from traditional equity financing and the potential benefits it offers.

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