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I will draft a compliant startup convertible note agreement
Licensed US Attorney : Startup Financing and Securities Law Expert
I am Peter Lillevand (State Bar #39234), a licensed U.S. attorney specializing in corporate law, securities, and startup financing.
Founders and investors trust me to structure seed rounds, draft roc...
About this Gig
A Convertible Note is a highly effective debt instrument for early-stage funding, but it contains complex legal mechanics involving maturity dates, interest rates, and conversion triggers. A poorly drafted note can force a startup into premature bankruptcy or trigger unintended voting rights for debt holders.
As a licensed U.S. attorney, I provide meticulous legal drafting for Convertible Debt rounds. I ensure your financing documents comply with federal and state usury laws while perfectly balancing investor security with founder control.
Key Legal Provisions Drafted:
- Principal amount and compliant interest rate structuring
- Maturity date mechanics and default provisions
- Automatic and optional conversion triggers (Qualified Financing)
- Valuation Caps and Conversion Discounts
- Change of Control provisions (M&A events)
Execute your debt-to-equity financing with institutional-grade legal documents.
Field of law:
Business (corporate)
Document type:
Founders agreement
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Please note that there is no screening process for this service. We recommend that you message the freelancer and check all necessary details before placing your order. Pro freelancers in this category have gone through a vetting process. You can find more details here.
FAQ
How is a Convertible Note different from a SAFE?
A Convertible Note is actual debt. It carries an interest rate and a maturity date (a deadline for repayment or conversion), whereas a SAFE is not debt and has no maturity date.
What happens if we reach the maturity date without raising a new round?
I draft specific clauses to dictate this—typically, the note either becomes due and payable, or automatically converts into equity at a pre-determined floor valuation.
What is a Note Purchase Agreement (NPA)?
For larger rounds with multiple investors, an NPA acts as the master contract governing the sale of the notes, containing vital legal representations and warranties.
