Understanding the Debt Settlement Agreement Letter A debt settlement agreement letter is a formal request to your creditor to accept a lower amount than what you owe as full payment. This can significantly reduce your debt burden and help you avoid bankruptcy. It’s crucial to get this right...
What is a SAFE? SAFE stands for “simple agreement for future equity,” and was created by Y Combinator in 2013 as an alternative to investing via convertible notes. SAFEs are neither equity nor debt – they represent a...more 11Results ...
Chapter 28 of Deuteronomy lays out a whole selection of "blessings and curses," that is, descriptions of wonderfully good things or horrible things that will happen to people, depending on whether they either uphold or turn against the agreement of loyalty and justice that they have just underta...
Without an LLP agreement, it is not possible to divide the share capital and profits other than equally, regardless of whether members of the LLP have invested different amounts. Also, in the absence of an agreement a member who is not performing cannot be removed from the LLP. The applic...
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7.FURTHER ASSURANCES.The Parties shall make any further assurances as may be necessary to implement and carry out the intent of this Agreement. In other words, if needed, the parties will take additional actions in order to ensure that the debt will be settled so long as the terms of this...
Did they break any rules of your lease agreement? Were they respectful and proactive with communication? Did they smoke on the property? Did they receive their full security deposit back? Did they give you proper notice before vacating? Why did they move out? Were they responsible for landscapi...
A judgment is a court's decision on a legal matter, while a lien is a legal claim against a property to secure payment of a debt. Judgments and liens can significantly impact your creditworthiness, making it difficult to increase your business credit score, secure financing, or establish ...
A valuation cap in a SAFE sets the maximum value in equity you can get in the agreement. If the company’s valuation when a triggering event (like a funding round) occurs is more than the cap, then your SAFE is converted using the valuation cap’s value. This can result in you receiv...
Filing the contract does not register securities with the SEC; it merely announces that there is an agreement between the developers seeking funding and investors' capital in exchange for tokens when certain development conditions are met. Key Takeaways A simple agreement for future tokens (SAFT) ...