Subscription Agreement
Defines the purchase amount, closing conditions, representations, and acceptance mechanics for each investor; serves as the primary binding contract.
Clear, complete subscription documents protect sponsors and investors by documenting representations, payment terms, and acceptance conditions. Properly executed packages support regulatory compliance, reduce onboarding delays, and create an auditable record of investor consent and funds flow.
Roles often overlap; legal counsel typically reviews subscription language and state blue-sky compliance before acceptance.
Defines the purchase amount, closing conditions, representations, and acceptance mechanics for each investor; serves as the primary binding contract.
Collects accreditation status, financial suitability, and investor type to support securities-law compliance and determine eligibility.
Captures legal name, tax ID, mailing address, investor contact details, and payment instructions required for subscription processing and KYC checks.
Specifies wiring details, escrow account terms, timing for funds acceptance, and conditions that trigger return or acceptance of funds.
Attach the private placement memorandum, limited partnership or operating agreement excerpts, and any risk disclosures referenced in the subscription.
Contains signature block, signature date, capacity of signer (individual, entity), and any required notarization or witness language.
Ensure the platform can produce a tamper-evident signed PDF, provide a downloadable audit trail, and meet any industry compliance requirements before use.
| Field | Configuration |
|---|---|
| Authentication | Email link | SMS code | KBA optional |
| Signature Fields | Required signature and date fields |
| Notarization | RON or in-person as required |
| Retention | Audit trail enabled | long-term storage |
| 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 | Yes, 7-day free trial | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes | Yes | Yes | Yes | Yes |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
Investor must return subscription by the stated offer deadline.
Sponsor review commonly takes 3–5 business days for documentation and KYC checks.
Funds are typically required within 3–10 business days of subscription acceptance.
Escrow closes after acceptance and funds clearance per escrow instructions.
Transfer agent posts ownership after closing, usually within a few business days.