Inspection rights
Also called: access rights
ELI5
Investors may examine certain records.
Used in conversation
“The inspection rights include reasonable notice.”
Definition
Rights to inspect specified company books, records or facilities, subject to law and agreement.
Here “Inspection rights” means: Rights to inspect specified company books, records or facilities, subject to law and agreement.
Pitch context
You will see “Inspection 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.
- National Venture Capital Association — Model Legal DocumentsDirect source · institutional · checked 2026-08-16
- Y Combinator — Series A Term Sheet TemplateDirect source · practitioner · checked 2026-08-16
- U.S. Securities and Exchange Commission — Small Business Capital Formation GlossarySupporting source family · primary · checked 2026-08-16
- U.S. Securities and Exchange Commission — Exempt OfferingsSupporting source family · primary · checked 2026-08-16
- Y Combinator — Safe financing documentsSupporting source family · practitioner · checked 2026-08-16