Business & Corporate
Analysis of the IP Representations in the NVCA Form—Considering Necessary Revisions
The National Venture Capital Association (NVCA) model stock purchase agreement form (Model Form) was recently updated in August 2020. After reviewing the updates to the intellectual property related sections of the Model Form, certain language and concepts regarding allocation of intellectual property risk could be revised to better reflect the NVCA goals of providing fair terms between the investor and the company and promoting consistency among financing terms.