Model Documents

Startup Estonia and Estonian Private Equity and Venture Capital Association (EstVCA) promote industry-standard legal documents in Estonia so startups and investors can focus on company and deal specific matters. These documents are made freely available in the hope that they will help to educate the Estonian startup community, speed up foundation, team-building and early stage investment process, and lower the legal costs. These versions of the documents were published in June 2017.

However, these documents should be seen as starting point only and should be tailored to meet specific circumstances because no two companies or investments are the same.

The documents have been drafted by a working group of EstVCA Legal Committee headed by Antti Perli (Ellex Raidla) and including Kristel Raidla-Talur (Cobalt), Maivi Ots (Eversheds Sutherland), Valter Võhma (Hedman Partners), Toomas Prangli (Sorainen), Kuldar-Jaan Torokoff (Fort Legal), Ulla Helm (Glimstedt) and Ergo Blumfeldt (Triniti).

Neither Startup Estonia, EstVCA nor any member of its committees or working groups takes any responsibility for the content of the documents or the consequences of using them and none of the documents should be construed as legal advice for any particular facts or circumstances.

IT IS ESSENTIAL THAT LEGAL ADVICE IS SOUGHT BEFORE USING THE DOCUMENTS!

We are certain that the documents can be improved and, to that end, would welcome feedback from as many market participants as possible. Using the feedback and continuing experiences in the market we intend to update these documents. We encourage providing feedback directly into the Google Docs versions of the documents. General comments and questions on the documents may also be sent directly to Antti Perli, the main author of the model documents.

By downloading or accessing any document, you agree that the document you download or access may only be used by you for your personal or business use and may not be sold, redistributed or republished (including on another website) without the express written consent of Startup Estonia.