Technology law firm Simmonds Stewart has released a suite of template documents online for New Zealand tech companies to help them with the legal basics.
The first batch of templates is likely to be especially helpful to early stage startups, addressing initial governance, fundraising and company administration documentation needs. Employee share option documents are also included on the site (new share purchase scheme rules come into force under the Financial Markets Conduct Act on April 1).
You'll need to use your LinkedIn account to register and log in.
Simmonds Stewart partner Julie Fowler, who's managing the project, says: “We are involved with a lot of early stage tech companies and saw a need to help these companies, who are usually cash strapped and time poor, with the legal basics. By making these templates freely available on our website, companies will find it easier to stay on top of their legal house-keeping, which is much better than trying to sort out messy legals under the pressure of a financing or exit deadline.”
She says the documents are designed to give companies a good starting point, rather than discourage them from using lawyers.
“A great result for us would be to see companies finding it easier to get ‘investment ready’ because they have had access to good legal documents from the get-go.”
Idealog has been covering the most interesting people, businesses and issues from the fields of innovation, design, technology and urban development for over 12 years. And we're asking for your support so we can keep telling those stories, inspire more entrepreneurs to start their own businesses and keep pushing New Zealand forward. Give over $5 a month and you will not only be supporting New Zealand innovation, but you’ll also receive a print subscription and a copy of the new book by David Downs and Dr. Michelle Dickinson, No. 8 Recharged (while stocks last).
Idealog is part of ICG. We work with clients like Woolworths New Zealand, All Good, Huffer, Liquorland, Resene, Citta Design, TVNZ, Spark and FCB on their event activations, in-store, in-office or out-of-home signage, content creation and vehicle wraps.