Subscription Terms
Defines amount purchased, price per security, minimum subscription thresholds, payment method, and escrow instructions for received funds.
A well-drafted Crowdfunding Investment Agreement clarifies investor rights, limits issuer liability, and documents compliance steps for securities and tax reporting. It reduces disputes, speeds closings, and creates a single source of truth for subscription, payment, and transfer rules.
Issuers, lead counsel, escrow agents, and closing administrators commonly prepare and distribute the agreement.
Investors, both accredited and non-accredited, review and sign to accept the stated terms before funds are released.
An individual or entity committing a material portion of the raise may sign to acknowledge lead terms, acceptance conditions, and representations; their signature can trigger fund disbursement and priority rights.
A corporate officer or authorized agent signs on behalf of the issuer to accept subscription proceeds, confirm corporate authority, and bind the company to transfer and reporting obligations.
Defines amount purchased, price per security, minimum subscription thresholds, payment method, and escrow instructions for received funds.
Investor and issuer representations cover authority, accuracy of disclosures, investor accreditation or sophistication, and absence of conflicts.
Lists issuer and investor conditions that must be satisfied for the transaction to settle, including funding goals and regulatory filings.
Specifies resale limitations, legends, lock-up periods, and any right of first refusal or repurchase rights.
Identifies remedies for breach, indemnification obligations, limitation of liability, and dispute resolution mechanisms such as arbitration or venue.
Addresses tax treatment, required forms or information (TIN), withholding obligations, and responsibility for 1099 or other reporting.
| Field | Configuration |
|---|---|
| Signature Field | Mandate signer signature and date |
| Initials Field | Use for material clause acknowledgements |
| Conditional Field | Show accreditation questionnaire if non-accredited |
| Routing Order | Issuer → Escrow → Lead investor |
Use an eSignature platform that provides audit trails, secure storage, and optional advanced authentication for investor identity.
Ensure the provider supports ESIGN/UETA compliance and offers retention and export options for regulatory or auditor review.
Window set by issuer for accepting commitments
Investor funds due per agreement, often within 3–7 business days
Date when issuer accepts subscriptions and issues securities
Provide necessary investor tax forms by statutory deadlines
Release funds after closing conditions are satisfied
Issuer publishes offering materials and opens subscription
Investors complete agreements and transmit funds
Confirm funding threshold, investor eligibility, and disclosures
Execute closing, release escrow, and record securities
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial, no credit card | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
The interface is simple and easy-to-use for our team; more importantly, it is just as easy for our customers.
I can process and execute all of these documents online with 100% compliance and built-in security.