The Disclosure Schedules are a collection of fact-specific disclosures such as lists of assets, and exceptions to specific statements related to the seller’s representations and warranties in a purchase agreement. Disclosure Schedules may be used for a variety of purchase […]
Directors and Officers’ (D&O) Insurance is insurance purchased by a company to protect its directors and officers from claims arising out of company activities or to indemnify them for such claims.
A Director is an elected or appointed person who sits on the board of directors and helps the corporation to make certain decisions. Typically the board of directors is responsible for setting the strategic direction of a company.
DGCL is Delaware General Corporation Law. These statutes govern corporate law (including LLCs) in Delaware.
Default is when a company is unable to perform the obligations it agreed to in a loan agreement. Which failures by the company constitute default and which rights creditors have upon default vary from agreement to agreement. Often, default is […]
The Date of Issue is the date that the securities (shares or units) are issued to an investor.
A Data Room is an online repository of company docs. Typically, a startup will create a data room of relevant company documents to share with potential investors. This is preferred to emailing out docs because the startup can keep them […]
Distributed Technology is a decentralized technology system where the computing and pertinent data is spread across multiple locations and connected by a network. Because of the decentralization, the system does not have a single point of failure and tasks can […]
Disruptive Technology is a business that completely changes the way an industry operates, such as Uber and Lyft for taxis and Amazon for retail.
Daily Active Users (DAUs) are distinct users who engage with a platform in a given day. DAUs are an important gauge of success for any online business. Businesses often measure Weekly Active Users (WAUs) and Monthly Active Users (MAUs) as […]