File: /home/investoo.co.uk/public_html/node/104.html
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">
<html xmlns="http://www.w3.org/1999/xhtml" lang="en" xml:lang="en">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
<title>BBAA Legal Precedent Documentation | INVESTOO</title>
<link rel="canonical" href="https://investoo.co.uk/node/104" />
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
<link rel="shortcut icon" href="../sites/all/themes/bbaa_theme/favicon.ico" type="image/x-icon"/>
<meta name="keywords" content="BBAA,British Business Angels Association,angel,angel investing,early stage,entrepreneurial finance,enterprise investment scheme,business angel"/>
<meta name="description" content="British Business Angels Association is the national trade association dedicated to promoting angel investing and supporting early stage investment in the UK."/>
<link type="text/css" rel="stylesheet" media="all" href="../sites/default/files/css/css_d9ae3f4e101067568fcb8eacbfc4fe37.css"/>
<link type="text/css" rel="stylesheet" media="all" href="../sites/all/themes/fusion/fusion_core/css/grid12-960-y.css"/>
<!--[if IE 8]>
<link type="text/css" rel="stylesheet" media="all" href="/sites/all/themes/fusion/fusion_core/css/ie8-fixes.css?y" />
<![endif]-->
<!--[if IE 7]>
<link type="text/css" rel="stylesheet" media="all" href="/sites/all/themes/fusion/fusion_core/css/ie7-fixes.css?y" />
<![endif]-->
<!--[if lte IE 6]>
<link type="text/css" rel="stylesheet" media="all" href="/sites/all/themes/fusion/fusion_core/css/ie6-fixes.css?y"/>
<link type="text/css" rel="stylesheet" media="all" href="/sites/all/themes/bbaa_theme/css/ie6-fixes.css?y"/>
<![endif]-->
<script type="text/javascript" src="../sites/default/files/js/js_143163b5781832450e59ccfd256d72e3.js"></script>
<script type="text/javascript">
<!--//--><![CDATA[//><!--
jQuery.extend(Drupal.settings, {"basePath":"\/","googleanalytics":{"trackOutgoing":1,"trackMailto":1,"trackDownload":1,"trackDownloadExtensions":"7z|aac|arc|arj|asf|asx|avi|bin|csv|doc|exe|flv|gif|gz|gzip|hqx|jar|jpe?g|js|mp(2|3|4|e?g)|mov(ie)?|msi|msp|pdf|phps|png|ppt|qtm?|ra(m|r)?|sea|sit|tar|tgz|torrent|txt|wav|wma|wmv|wpd|xls|xml|z|zip"}});
//--><!]]>
</script>
</head>
<body id="pid-node-104" class="not-front not-logged-in page-node node-type-page no-sidebars full-node layout-main-last sidebars-split font-family-myriad font-size-13 grid-type-960 grid-width-12">
<div id="page" class="page">
<div id="page-inner" class="page-inner">
<div id="skip">
<a href="#main-content-area">Skip to Main Content Area</a>
</div>
<!-- header-top row: width = grid_width -->
<!-- header-group row: width = grid_width -->
<div id="header-group-wrapper" class="header-group-wrapper full-width">
<div id="header-group" class="header-group row grid12-12">
<div id="header-group-inner" class="header-group-inner inner clearfix">
<div id="header-site-info" class="header-site-info block">
<div id="header-site-info-inner" class="header-site-info-inner inner">
<div id="logo">
<a href="/" title="Home"><img src="../sites/default/files/bbaa_theme_logo.png" alt="Home"/></a>
</div>
</div><!-- /header-site-info-inner -->
</div><!-- /header-site-info -->
<div id="block-menu-primary-links" class="block block-menu odd first last grid12-12 fusion-inline-menu">
<div class="inner clearfix">
<div class="content clearfix">
<ul class="menu"><li class="leaf first"><a href="/" title="Welcome">Home</a></li>
<li class="collapsed"><a href="../about" title="About Us">About</a></li>
<li class="collapsed"><a href="../membership" title="Membership">Membership</a></li>
<li class="collapsed"><a href="../member-directory" title="Member Directory">Investment Directory</a></li>
<li class="collapsed"><a href="../entrepreneurs" title="Entrepreneurs">Entrepreneurs</a></li>
<li class="collapsed"><a href="../investors" title="Investors">Investors</a></li>
<li class="leaf"><a href="../sponsors" title="Sponsors">Sponsors</a></li>
<li class="collapsed"><a href="../news" title="">News</a></li>
<li class="collapsed"><a href="../events" title="">Events</a></li>
<li class="collapsed"><a href="../research-policy" title="Research & Policy">Research & Policy</a></li>
<li class="leaf last"><a href="../be-an-angel" title="">Be An Angel</a></li>
</ul> </div>
</div><!-- /block-inner -->
</div><!-- /block -->
</div><!-- /header-group-inner -->
</div><!-- /header-group -->
</div><!-- /header-group-wrapper -->
<!-- preface-top row: width = grid_width -->
<!-- main row: width = grid_width -->
<div id="main-wrapper" class="main-wrapper full-width">
<div id="main" class="main row grid12-12">
<div id="main-inner" class="main-inner inner clearfix">
<!-- main group: width = grid_width - sidebar_first_width -->
<div id="main-group" class="main-group row nested grid12-12">
<div id="main-group-inner" class="main-group-inner inner">
<div id="main-content" class="main-content row nested">
<div id="main-content-inner" class="main-content-inner inner">
<!-- content group: width = grid_width - (sidebar_first_width + sidebar_last_width) -->
<div id="content-group" class="content-group row nested grid12-8">
<div id="content-group-inner" class="content-group-inner inner">
<div id="content-region" class="content-region row nested">
<div id="content-region-inner" class="content-region-inner inner">
<a name="main-content-area" id="main-content-area"></a>
<div id="content-inner" class="content-inner block">
<div id="content-inner-inner" class="content-inner-inner inner">
<h1 class="title">BBAA Legal Precedent Documentation</h1>
<div id="content-content" class="content-content">
<div id="node-104" class="node odd full-node node-type-page">
<div class="inner">
<div class="content clearfix">
<p>The following legal documents have been produced by the BBAA Technical Committee, with the specific expertise of Eversheds LLP, Harbottle & Lewis LLP and MBM Commercial LLP.</p>
<p>Once the investment terms have been agreed, these terms will be reflected in long-form documents which will typically comprise those set out below:</p>
<ul>
<li>
<a href="../sites/default/files/media/files/bbaa_shareholders_agreement.pdf" target="_blank" rel="nofollow">Investment and shareholders’ agreement</a>: this document sets out the terms of the investment and regulates the relationship of the shareholders once the investment has been completed. It will address the specific rights of the Angel Investor(s), such as rights to appoint directors, to receive information on the business and to veto certain actions of the company as well as usually containing warranties as to the company’s business. A model form investment and shareholders’ agreement appears on the BBAA’s website and further information on this document is outlined in more detail elsewhere in these FAQs.</li>
<li>
<a href="../sites/default/files/media/files/draft_model_articles.pdf" target="_blank" rel="nofollow">Articles of association</a>: typically, new articles of association are adopted on completion of the funding which will set out the company’s internal regulations and deal with its management and administration. They deal with matters such as transfers of shares, dividends and voting rights, and complement the investment and shareholders’ agreement. Again, precedent articles of association appear on the BBAA’s website and further information on this document is set out in other FAQs.</li>
</ul>
<p>You can download templates of these documents by clicking on the titles.</p>
</div>
<div class="terms">
<ul class="links inline"><li class="taxonomy_term_13 first last"><a href="../category/document/guides-and-tools" rel="tag" title="">Guides and Tools</a></li>
</ul> </div>
</div><!-- /inner -->
</div><!-- /node-104 -->
</div><!-- /content-content -->
</div><!-- /content-inner-inner -->
</div><!-- /content-inner -->
</div><!-- /content-region-inner -->
</div><!-- /content-region -->
</div><!-- /content-group-inner -->
</div><!-- /content-group -->
<div id="sidebar-last" class="sidebar-last row nested grid12-4">
<div id="sidebar-last-inner" class="sidebar-last-inner inner clearfix">
<div id="block-views-news-block_4" class="block block-views odd first block-aqua grid12-4">
<div class="inner clearfix">
<h2 class="title block-title"><a href="../news" class="block-title-link">BBAA News</a></h2>
<div class="content clearfix">
<div class="view view-news view-id-news view-display-id-block_4 view-dom-id-1">
<div class="view-content">
<div class="views-row views-row-1 views-row-odd views-row-first">
<div class="views-field-title">
<span class="field-content"><a href="../news/exclusive-early-bird-offer-all-ticket-pricing-2012-bbaa-national-investment-summit-awards-dinne">Exclusive Early Bird Offer on ALL ticket pricing for the 2012 BBAA National Investment Summit & Awards Dinner</a></span>
</div>
<div class="views-field-field-date-value">
<span class="field-content"><span class="date-display-single">8 June 2012</span></span>
</div>
</div>
<div class="views-row views-row-2 views-row-even">
<div class="views-field-title">
<span class="field-content"><a href="../news/government-has-now-received-state-aid-approval-ec-to-make-changes-to-eis-and-vct-scheme">Government has now received State aid approval from the EC to make changes to the EIS and VCT scheme</a></span>
</div>
<div class="views-field-field-date-value">
<span class="field-content"><span class="date-display-single">31 May 2012</span></span>
</div>
</div>
<div class="views-row views-row-3 views-row-odd views-row-last">
<div class="views-field-title">
<span class="field-content"><a href="../news/make-business-your-business-–-supporting-start-and-development-small-business">Make Business Your Business – supporting the start-up and development of small business</a></span>
</div>
<div class="views-field-field-date-value">
<span class="field-content"><span class="date-display-single">29 May 2012</span></span>
</div>
</div>
</div>
<div class="more-link">
<a href="../news">
more news ... </a>
</div>
</div> </div>
</div><!-- /block-inner -->
</div><!-- /block -->
<div id="block-views-events-block_3" class="block block-views even last grid12-4">
<div class="inner clearfix">
<h2 class="title block-title">Events</h2>
<div class="content clearfix">
<div class="view view-events view-id-events view-display-id-block_3 view-dom-id-2">
<div class="view-content">
<div class="views-row views-row-1 views-row-odd views-row-first">
<div class="views-field-field-member-contact-id">
<span class="field-content"><span class="civicrm_cck">British Business Angels Association</span></span>
</div>
<div class="views-field-title">
<span class="field-content"><a href="../events/bbaa-national-investment-summit-2012">BBAA National Investment Summit 2012</a></span>
</div>
<div class="views-field-field-date-value">
<span class="field-content"><span class="date-display-single">2 July 2012</span></span>
</div>
</div>
<div class="views-row views-row-2 views-row-even views-row-last">
<div class="views-field-field-member-contact-id">
<span class="field-content"><span class="civicrm_cck">British Business Angels Association</span></span>
</div>
<div class="views-field-title">
<span class="field-content"><a href="../events/bbaa-national-awards-dinner-2012">BBAA National Awards Dinner 2012</a></span>
</div>
<div class="views-field-field-date-value">
<span class="field-content"><span class="date-display-single">2 July 2012</span></span>
</div>
</div>
</div>
</div> </div>
</div><!-- /block-inner -->
</div><!-- /block -->
</div><!-- /sidebar-last-inner -->
</div><!-- /sidebar-last -->
</div><!-- /main-content-inner -->
</div><!-- /main-content -->
</div><!-- /main-group-inner -->
</div><!-- /main-group -->
</div><!-- /main-inner -->
</div><!-- /main -->
</div><!-- /main-wrapper -->
<!-- postscript-bottom row: width = grid_width -->
<!-- footer row: width = grid_width -->
<div id="footer-wrapper" class="footer-wrapper full-width">
<div id="footer" class="footer row grid12-12">
<div id="footer-inner" class="footer-inner inner clearfix">
<div id="block-block-9" class="block block-block odd first grid12-12">
<div class="inner clearfix">
<div class="content clearfix">
<p style="line-height:0.5em">Sponsored by:</p>
<table border="0" cellpadding="0" cellspacing="0">
<tbody>
<tr>
<td colspan="2" style="vertical-align:middle">
<p style="line-height:36px"><a href="http://www.bba.org.uk/" target="_blank" rel="nofollow"><img alt="" src="../sites/default/files/media/image/content/sponsors/logo-bba.jpg" style="vertical-align:middle; width:45px; height:36px"/></a> <a href="http://www.businessgrowthfund.co.uk/" target="_blank" rel="nofollow"><img alt="" src="../sites/default/files/media/image/content/sponsors/logo-bgf.jpg" style="vertical-align:middle; width:59px; height:36px"/></a> <a href="http://www.capitalforenterprise.gov.uk/" target="_blank" rel="nofollow"><img alt="" src="../sites/default/files/media/image/content/sponsors/logo-cfe.jpg" style="vertical-align:middle; width:75px; height:36px"/></a> <a href="http://www.lloydstsbbusiness.com/" target="_blank" rel="nofollow"><img alt="Lloyds TSB Commercial" src="../sites/default/files/media/image/content/sponsors/logo-lloyds.jpg" style="vertical-align:middle; width:219px; height:21px"/></a> <a href="http://www.nesta.org.uk/" target="_blank" rel="nofollow"><img alt="" src="../sites/default/files/media/nesta_logo_rgb_300px.jpg" style="width:114px; height:26px"/></a> <a href="http://www.smith.williamson.co.uk/" target="_blank" rel="nofollow"><img alt="Smith & Williamson" src="../sites/default/files/media/image/content/sponsors/logo-smithwilliamson.jpg" style="vertical-align:middle; width:201px; height:16px"/></a> <a href="http://www.unilever.co.uk/" target="_blank" rel="nofollow"><img alt="unilever_web_0.jpg" src="../sites/default/files/media/image/content/sponsors/unilever_web_0.jpg" style="vertical-align:middle; width:47px; height:46px"/></a></p>
</td>
</tr>
<tr>
<td colspan="2" style="vertical-align:top">
<p><a href="/"><img alt="" src="../sites/default/files/media/image/content/sponsors/bbaa_logo.png" style="width:50px; height:25px"/></a> The British Business Angels Association is registered in England and Wales (Registration number 02127064).<br/>
100 Pall Mall, St James, London, SW1Y 5NQ • info@bbaa.org.uk • +44 (0)<span><span>20 7321 5669</span></span></p>
<a href="../terms" rel="nofollow">Terms</a> © British Business Angels Association</td>
<td style="vertical-align:bottom">
<a href="http://www.twitter.com/bbaangels" target="_blank" rel="nofollow"><img alt="footer-twitter.jpg" src="../sites/default/files/media/image/site/footer-twitter.jpg"/></a> <a href="http://www.linkedin.com/company/british-business-angels-association" target="_blank" rel="nofollow"><img alt="footer-linkedin.jpg" src="../sites/default/files/media/image/site/footer-linkedin.jpg"/></a></td>
</tr>
</tbody>
</table>
<p style="line-height:0em"> </p>
</div>
</div><!-- /block-inner -->
</div><!-- /block -->
<div id="block-block-10" class="block block-block even last grid12-12 fusion-right-content">
<div class="inner clearfix">
<div class="content clearfix">
<p><a href="http://www.surgedesign.co.uk/" target="_blank" rel="nofollow">Design by surge design</a> - <a href="http://www.pecansolutions.com/" target="_blank">Website by Pecan Solutions</a></p>
</div>
</div><!-- /block-inner -->
</div><!-- /block -->
</div><!-- /footer-inner -->
</div><!-- /footer -->
</div><!-- /footer-wrapper -->
<!-- footer-message row: width = grid_width -->
<div id="footer-message-wrapper" class="footer-message-wrapper full-width">
<div id="footer-message" class="footer-message row grid12-12">
<div id="footer-message-inner" class="footer-message-inner inner clearfix">
</div><!-- /footer-message-inner -->
</div><!-- /footer-message -->
</div><!-- /footer-message-wrapper -->
</div><!-- /page-inner -->
</div><!-- /page -->
<script type="text/javascript">
<!--//--><![CDATA[//><!--
//--><!]]>
</script>
</body>
</html>