Convertible Loan Note
You need a Convertible Loan Note!
Related challenges include:
- you know a quality document is crucial to deal efficiency
- precedents are available online, but they are of dubious quality and aren’t tailored to your needs
- you have limited budget for external support
- it is the first time you have done this type of deal
Cancel those plans as another unnecessary night of cobbling something together lies ahead. Hopefully it will do…
The GLS Solution
This Convertible Loan Note ("CLN") documents the terms of loan that in specific predefined circumstances can be converted into shares in the borrower company.
This template is well suited for start-ups that want to raise funds without going straight into an equity funding round.
Like any commercial arrangement, ensuring that both parties clearly understand their respective rights and obligations is key to a successful relationship with a lender/investor.
Our automated CLN is designed by world-class lawyers to be comprehensive yet succinct, flexible, easy to understand and easy to use.
This template covers all key issues, including: conversion triggers, conversion pricing, default provisions, confidentiality and how disputes will be resolved.
Bonus Inclusion: This GLS solution is more than just a template - it also includes a 30 minute consult with a legal expert.
See our “Solution Sample” for a detailed sample of what is delivered and for user guidance!
Better, faster, safer, cheaper!
GLS – Law Rewritten
|Guided Interview:||An easy to follow online interview to get all info needed, quickly and efficiently - including tips and explanations.|
|Instant Delivery:||Total Support Plan subscribers will receive their completed document instantly.|
*Pay per use customers will receive their documents within 12hrs of ordering, though typically within 45min.
|World Class Templates:||World class templates, created by world class lawyers with decades of experience at the world’s best law firms.|
|My Account:||Copies of your documents will be saved in your own work space (see "My Account / My Docs" above).|
|Expert Consultation:||A 30 minute consultation with an in-house legal expert to address any issues related to your document solution.|
|Discount Rate:||As a user of this Document Solution you are entitled to a 10% discount on any engagement you enter with GLS Law Firm.|
|Constant Updates:||All our templates are regularly updated to track emerging market practices.|
|Harmonized Library:||Every GLS template is drafted so that it is harmonized with each and every other GLS template - same defined terms, clause ordering, boilerplate provisions, look n feel, plain English - meaning that every template you buy will belong to a standard document library set.|
|Big Law Review||US Rate||GLS Cost||Minutes|
GLS RPLV Legal Operations Score
This solution’s GLS RPLV impact score:
|Ease of Implementation:||Complex||Average||Easy|
|Productivity Leverage Profile:||Low||Medium||High|
|IHL Line Optimisation:||Single||Multiple||All Lines|
IHL Critical Function Optimisation Targets
This solution enhances performance across the following critical in-house functions:
In-House Legal: Critical Functions / Processes
GLS has identified 15 critical in-house processes/functions that are present in every world-class legal department. To learn what these functions are, their composition and how they interrelate to deliver efficient legal team performance outcomes - visit here.
One-off purchasers and Total Legal Support subscribers can find their documents in: "My Solutions Centre" > "My Library"
Once your documents have been proccessed no more may be added. You will need to complete the checkout or refresh the page to start again.
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