Assemble Existing Legal and Governance Inputs
Collect all current legal agreements, cap table details, historical board minutes, advisory contracts, and risk registers into a centralised repository. Audit these inputs for missing execution signatures, expired terms, and informal verbal commitments.
Completing this action establishes a single source of truth for all foundational legal and governance documentation. It uncovers hidden legal liabilities and missing documentation before formalising the ongoing governance framework.
The founder must present a fully indexed inventory of existing corporate documents, including articles of association, shareholder agreements, and advisory contracts. The output must include an audit summary highlighting missing signatures, ambiguous clauses, or outstanding liabilities.
Five questions an expert would ask when reviewing your output
Use these to challenge assumptions, pressure-test your logic, and check the quality of this action's output in the context of the parent task and wider venture development.
- 1
What critical legal documents or signed schedules are currently missing from your corporate records?
- 2
How have you verified that all informal or verbal commitments to advisors and founders are fully captured in writing?
- 3
What liabilities or restrictive covenants exist within historical agreements that could constrain future fundraising?
- 4
How rigorous was your audit of historic board or shareholder consent records for past equity issuances?
- 5
Which gathered documents pose the highest legal risk if scrutinised by institutional investors during due diligence?