Unless you and Y Combinator agree otherwise, all arbitration proceedings will be conducted in a location reasonably convenient to both parties, with due regard to their ability to travel and other relevant circumstances. If the parties cannot agree on a location, the determination will be made by AAA. If your claim is for $10,000 or less, Y Combinator agrees that you may choose whether the arbitration will be conducted solely on the basis of the documents submitted to the arbitrator, through a telephone hearing, or an in-person hearing in accordance with the AAA rules. If your claim exceeds $10,000, the right to a hearing is determined by the AAA rules. Regardless of how the arbitration is conducted, the arbitrator shall issue a reasoned written decision sufficient to explain the significant findings and conclusions on which the award is based. It may be surprising to see everything covered on one page.1 This hasn`t always been the case, but it`s become common over the past decade as some investors have decided to make their condition sheets more user-friendly by shortening legal language, as if to say, “We`re not going to get bogged down in details. We will do it simply, friendly, standard and fast. Matias Vukusic [00:02:52] Yes, I am a lawyer here in Chile. I deal with start-ups and the venture capital industry and secure agreement or what is usually referred to as a secure agreement. The different versions of it are probably one of the most commonly used investment documents for early-stage startups.
You let the boss pretend you`re fine and that you`re great. How you like it when this marketing looks like documents, right? And this is where the demolition usually begins. For example, if you like something, a document called a safe, but then you start checking it, and it`s not that secure. I mean, for example, as with some lawyers, investors tend to design convertible bonds, and they give them the name, let`s say, you know, because it sounds chic and tradable. But they are very different from the Y Combinator, like when I prepared this, because I only did my job for example, I did this and I came across a document that is actually called simpler to know the future equity of the company. But it had nothing to do with Y Combinator. Things like, these certainly massive Estonian companies had a maturity date and say they`re not debt instruments, so the big ones don`t happen until today. So it`s one thing for us, as international lawyers, that when we search Law Insiders, we can find documents called Say It or Like Tableau. That`s something, but that`s not what they`re saying. But fortunately, there are also a lot of good documents, and there are states that are really websites and not just marketing words for you, your family, friends, and fundraising at an early stage. This is the case. I shouldn`t say falls.
Clerky develops software to facilitate legal paperwork for startups and their lawyers. From incorporation to fundraising to hiring – everything a startup needs. Thousands of leading startups use Clerky to manage legal filings securely and efficiently. Matias Vukusic [00:24:45] So I contacted Law Insider and offered to be a Spanish version of Mike Whelan just to do the contract in Spanish. So to everybody, to any Spanish-speaking lawyer who wants to come here and tear up some contracts and refuse translations of contracts or something like that, I`m going to try to be the best host and compete for these document rants.
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