Term-sheet control & investor rights · Specialist

Demand registration

Also called: demand right

ELI5

Investors can ask the company to register shares for sale.

Used in conversation

“The agreement limits the number of demand registrations.”

Definition

A right allowing eligible holders to require the company to initiate a securities registration.

Here “Demand registration” means: A right allowing eligible holders to require the company to initiate a securities registration.

Pitch context

You will see “Demand registration” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches term-sheet control & investor rights.

Why it matters: In term-sheet control & investor rights, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 5

Direct term-level sources and supporting source families.