Employment Agreement

, by Erik Byrenius

One might think that employments is one of those few areas where standard agreements already exist. I thought so too. Swedish law is pretty strict on what can and cannot be agreed between employer and employee, there are lots of legal precedent cases and the unions are strong in Sweden. (more…)

Founders’ Agreement

, by Erik Byrenius

When you join forces with your co-founders to start a new business, legal stuff is probably one of the last things you want to spend time on – especially the sometimes sensitive subject of commitment, cooperation and ownership. Nevertheless, agreeing on these topics from day one may be save you a lot of arguments and headache down the road. That’s why you should have a founder’s agreement.

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Subscription and Shareholders’ Agreement

, by Erik Byrenius

After you have agreed on the term sheet (signed or not), the investor will start the final parts of the due diligence while the subscription agreement (Swedish: investeringsavtal) and shareholders’ agreement (Swedish: aktieägaravtal) are drafted. When the due diligence is complete it’s time to sign the subscription agreement and shareholders’ agreement.

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Term Sheet

, by Erik Byrenius

Our term sheet is a balanced and standardized term sheet for your seed round. Both VC firms, angel investors, entrepreneurs and lawyers have been involved in the process of creating this new Swedish standard.

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The Ultimate Guide to Stock Options in Swedish Startups

, by Erik Byrenius

This is a guide on how to set up an incentive scheme for employees using warrants (Swedish: teckningsoptioner) in Swedish limited companies (aktiebolag).

First, a summary will give you an overview of the whole process and highlight some common mistakes. Next, different kinds of employee incentive programs will be discussed, followed by a deep-dive into how Swedish stock options work and how to set up an option pool. Finally, you will be walked through a step-by-step process: how to implement an option scheme.

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Articles of Association

, by Erik Byrenius

The articles of association (Swedish: bolagsordning) can be described as a very basic version of the shareholders’ agreement, including some formalities regarding number of shares in the company, company name etc. They can also contain pre-emption right (very common) and right of first refusal (quite common).

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