Term-sheet control & investor rights · Core

Information rights

Also called: reporting rights

ELI5

Investors receive agreed company information.

Used in conversation

“The information rights require quarterly reporting.”

Definition

Contractual rights to receive financial statements, budgets or other company information.

Here “Information rights” means: Contractual rights to receive financial statements, budgets or other company information.

Pitch context

You will see “Information rights” 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.