OVC Client Application Form

Osgoode Venture Capital Clinical Project (OVC)

OVERVIEW --->

The OVC provides students with a practical look at the crossroads of law, entrepreneurship, angel investment and venture capital from the perspective of:

1) Investors [including family/friends, accredited individuals, angels, and venture capital funds]
2) Entrepreneurs
3) Legal Advisors [who assist entrepreneurs facilitate business and capital raising transactions]

With the supervision of lawyers from Wildeboer Dellelce LLP, OVC caseworkers will seek to provide (pro bono) legal services to clients of the OVC.


AVAILABLE SERVICES --->

@ Early Stage

> Business Entity Formation:
Incorporation documents, initial corporate governance documents, partnership agreements, instructions on formal operating requirements for corporations and shareholder agreements.

> Seed Financing:
Subscription agreements for friends and family investments as well as consideration of preferred share terms, and/or early debt financing. Draft and/or review debentures and/or promissory notes, and any general security agreements and attend to associated filings.

> Employment:
Drafting and/or reviewing basic employment agreements, independent contractor agreements, non‐competition and confidentiality agreements.

@ Commercialization Stage

> Contracts:
Drafting and/or reviewing various business contracts such as purchaser/supplier contracts, website designer/web host agreements, joint venture agreements and independent contractor agreements.

> Ongoing Corporate Maintenance:
Assisting clients with matters such as preparing annual corporate filings required by federal, provincial and local laws, and reviewing and interpreting the terms of the organization’s governing instruments.

@ Initial Financing Round

> Corporate Finance Information:
Provide information on typical deal structures for seed investments. Review term sheets and provide explanations of their material terms.


CLIENT SELECTION CRITERIA --->

Although the OVC may provide services to a variety of clients at different stages of growth, priority shall be given to clients that meet the following criteria:
1. Early to mid-stage businesses that have surpassed the idea stage(s) with an established business model.
2. Existing revenues or a business plan with existing pathways to generate revenues
3. Full time founders (and/or employees)
4. Corporate finance activity or material business agreements imminent



DEADLINE: August 23 [11:59 p.m]