{"id":61268,"date":"2023-12-12T14:31:27","date_gmt":"2023-12-12T05:31:27","guid":{"rendered":"https:\/\/monolith.law\/et\/?p=61268"},"modified":"2024-06-04T16:46:41","modified_gmt":"2024-06-04T07:46:41","slug":"investment-contract-and-shareholder-agreement","status":"publish","type":"post","link":"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement","title":{"rendered":"Investeerimislepingute ja aktsion\u00e4ride vaheliste lepingute suhe"},"content":{"rendered":"\n<p>Kui tegelete idufirmadega, v\u00f5ib juhtuda, et VC ja teised investorid s\u00f5lmivad investeerimislepingu, m\u00f5nikord s\u00f5lmitakse aga nii investeerimisleping kui ka aktsion\u00e4ride vaheline leping. Investeerimislepinguid, mis s\u00f5lmitakse idufirmadesse investeerimisel, on mitmesuguseid, kuid inimesi, kes m\u00f5istavad t\u00e4ielikult iga lepingu t\u00fc\u00fcpi v\u00f5i kes m\u00f5istavad t\u00e4pselt iga lepingu t\u00fc\u00fcbi erinevusi, on \u00fcllatavalt v\u00e4he.<br> Seet\u00f5ttu selgitame selles artiklis, millised on investeerimislepingud ja aktsion\u00e4ride vahelised lepingud ning seej\u00e4rel selgitame nende suhteid ja erinevusi.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Investeerimislepingu_moiste\" title=\"Investeerimislepingu m\u00f5iste\">Investeerimislepingu m\u00f5iste<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Investeerimislepingu_osapooled\" title=\"Investeerimislepingu osapooled\">Investeerimislepingu osapooled<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Investeerimislepingu_uldnimetus\" title=\"Investeerimislepingu \u00fcldnimetus\">Investeerimislepingu \u00fcldnimetus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Investeerimislepingu_peamised_punktid\" title=\"Investeerimislepingu peamised punktid\">Investeerimislepingu peamised punktid<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Mis_on_aktsionaride_vaheline_leping\" title=\"Mis on aktsion\u00e4ride vaheline leping?\">Mis on aktsion\u00e4ride vaheline leping?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Aktsionaride_vahelise_lepingu_lepinguosalised\" title=\"Aktsion\u00e4ride vahelise lepingu lepinguosalised\">Aktsion\u00e4ride vahelise lepingu lepinguosalised<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Aktsionaride_vahelise_lepingu_peamised_punktid\" title=\"Aktsion\u00e4ride vahelise lepingu peamised punktid\">Aktsion\u00e4ride vahelise lepingu peamised punktid<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Milliseid_lepinguid_solmitakse_investeerimisel\" title=\"Milliseid lepinguid s\u00f5lmitakse investeerimisel?\">Milliseid lepinguid s\u00f5lmitakse investeerimisel?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Juhul_kui_solmitakse_ainult_investeerimisleping\" title=\"Juhul, kui s\u00f5lmitakse ainult investeerimisleping\">Juhul, kui s\u00f5lmitakse ainult investeerimisleping<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Juhul_kui_solmitakse_nii_investeerimis-_kui_ka_aktsionaridevaheline_leping\" title=\"Juhul, kui s\u00f5lmitakse nii investeerimis- kui ka aktsion\u00e4ridevaheline leping\">Juhul, kui s\u00f5lmitakse nii investeerimis- kui ka aktsion\u00e4ridevaheline leping<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Miks_on_mitmeid_voimalikke_lepinguid_mida_solmitakse_investeerimisel\" title=\"Miks on mitmeid v\u00f5imalikke lepinguid, mida s\u00f5lmitakse investeerimisel?\">Miks on mitmeid v\u00f5imalikke lepinguid, mida s\u00f5lmitakse investeerimisel?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Varade_jaotamise_leping\" title=\"Varade jaotamise leping\">Varade jaotamise leping<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Varade_jaotamise_lepingu_lepinguosalised\" title=\"Varade jaotamise lepingu lepinguosalised\">Varade jaotamise lepingu lepinguosalised<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Varade_jaotamise_lepingu_uldnimetus\" title=\"Varade jaotamise lepingu \u00fcldnimetus\">Varade jaotamise lepingu \u00fcldnimetus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Varade_jaotamise_lepingu_peamised_punktid\" title=\"Varade jaotamise lepingu peamised punktid\">Varade jaotamise lepingu peamised punktid<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/monolith.law\/et\/general-corporate\/investment-contract-and-shareholder-agreement\/#Kokkuvote\" title=\"Kokkuv\u00f5te\">Kokkuv\u00f5te<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investeerimislepingu_moiste\"><\/span>Investeerimislepingu m\u00f5iste<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Investeerimisleping on leping, mis m\u00e4\u00e4ratleb peamiselt investeerimistingimused, mida investor kasutab aktsiate omandamiseks. Lihtsamalt \u00f6eldes on see leping, milles riskikapitali ja muud investorid m\u00e4\u00e4ravad aktsiate omandamise tingimused.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investeerimislepingu_osapooled\"><\/span>Investeerimislepingu osapooled<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Investeerimislepingus on tavaliselt j\u00e4rgmised kolm osapoolt:<\/p>\n\n\n\n<ol>\n<li>Aktsiate v\u00e4ljaandja<\/li>\n\n\n\n<li>Ettev\u00f5tte asutajad<\/li>\n\n\n\n<li>Investorid<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investeerimislepingu_uldnimetus\"><\/span>Investeerimislepingu \u00fcldnimetus<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Investeerimislepingut v\u00f5ib nimetada erinevate nimedega, n\u00e4iteks:<\/p>\n\n\n\n<ol>\n<li>Investeerimisleping<\/li>\n\n\n\n<li>Aktsiate m\u00e4rkimisleping<\/li>\n\n\n\n<li>V\u00f5lakirjade m\u00e4rkimisleping<\/li>\n\n\n\n<li>Aktsiate \u00fclekandmise leping<\/li>\n<\/ol>\n\n\n\n<p>Lepingu nimi on lihtsalt nimetus ja ei m\u00f5juta lepingu sisu.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investeerimislepingu_peamised_punktid\"><\/span>Investeerimislepingu peamised punktid<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Investeerimislepingus m\u00e4\u00e4ratakse tavaliselt kindlaks j\u00e4rgmised punktid:<\/p>\n\n\n\n<ul>\n<li>Investeerimise p\u00f5hik\u00fcsimused<\/li>\n\n\n\n<li>Investeerimise eeldused<\/li>\n\n\n\n<li>Aktsiate kohta k\u00e4ivad k\u00fcsimused<\/li>\n\n\n\n<li>Ettev\u00f5tte juhtimise k\u00fcsimused<\/li>\n\n\n\n<li>Informatsiooni avalikustamise k\u00fcsimused<\/li>\n\n\n\n<li>Investori v\u00e4ljumise (Exit) k\u00fcsimused<\/li>\n\n\n\n<li>\u00dcldised s\u00e4tted<\/li>\n<\/ul>\n\n\n\n<p>Investeerimislepingu \u00fcksikasjade kohta leiate lisateavet j\u00e4rgmisest artiklist:<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/importance-and-necessity-of-investment-contract\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/importance-and-necessity-of-investment-contract[ja]<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mis_on_aktsionaride_vaheline_leping\"><\/span>Mis on aktsion\u00e4ride vaheline leping?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Aktsion\u00e4ride vaheline leping on leping, milles on kokku lepitud peamised \u00f5igused ja kohustused p\u00e4rast investeeringute tegemist emitendi ja asutavate aktsion\u00e4ride vahel.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aktsionaride_vahelise_lepingu_lepinguosalised\"><\/span>Aktsion\u00e4ride vahelise lepingu lepinguosalised<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Investeerimislepingus eeldatakse j\u00e4rgmisi kolme lepinguosalist:<\/p>\n\n\n\n<ol>\n<li>Aktsiate emitent<\/li>\n\n\n\n<li>Asutavad aktsion\u00e4rid<\/li>\n\n\n\n<li>Peamised investorid (VC jne)<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aktsionaride_vahelise_lepingu_peamised_punktid\"><\/span>Aktsion\u00e4ride vahelise lepingu peamised punktid<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Aktsion\u00e4ride vahelise lepingu sisu h\u00f5lmab peamiselt j\u00e4rgmisi punkte:<\/p>\n\n\n\n<ul>\n<li>Ettev\u00f5tte juhtimise k\u00fcsimused<\/li>\n\n\n\n<li>Teabe avalikustamise k\u00fcsimused<\/li>\n\n\n\n<li>Investorite v\u00e4ljumisega seotud k\u00fcsimused<\/li>\n<\/ul>\n\n\n\n<p>Arvatakse, et aktsion\u00e4ride vahelise lepingu peamised punktid kattuvad investeerimislepingu peamiste punktidega. Tegelikult v\u00f5ivad need punktid, mida ma peamisteks sisupunktideks nimetasin, t\u00f5epoolest kattuda investeerimislepingu ja aktsion\u00e4ride vahelise lepinguga. Seet\u00f5ttu selgitan allpool investeerimislepingu ja aktsion\u00e4ride vahelise lepingu suhet.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Milliseid_lepinguid_solmitakse_investeerimisel\"><\/span>Milliseid lepinguid s\u00f5lmitakse investeerimisel?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Enne investeerimis- ja aktsion\u00e4ridevaheliste lepingute suhte selgitamist, alustame selgitusega, milliseid lepinguid s\u00f5lmitakse investeerimisel.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Juhul_kui_solmitakse_ainult_investeerimisleping\"><\/span>Juhul, kui s\u00f5lmitakse ainult investeerimisleping<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Esiteks, v\u00f5ib ette tulla olukord, kus s\u00f5lmitakse ainult investeerimisleping. Sellisel juhul on s\u00f5lmitav leping ainult investeerimisleping, seega tuleb k\u00f5ik vajalikud punktid investeerimislepingusse lisada. Seega, kuigi see s\u00f5ltub juhtumist, sisaldab see enamasti peaaegu k\u00f5iki eespool mainitud investeerimislepingu peamisi punkte.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Juhul_kui_solmitakse_nii_investeerimis-_kui_ka_aktsionaridevaheline_leping\"><\/span>Juhul, kui s\u00f5lmitakse nii investeerimis- kui ka aktsion\u00e4ridevaheline leping<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>J\u00e4rgmisena, v\u00f5ib ette tulla olukord, kus s\u00f5lmitakse nii investeerimis- kui ka aktsion\u00e4ridevaheline leping. Sellisel juhul on ettev\u00f5tte juhtimise, info avalikustamise ja investorite v\u00e4ljumisega seotud punktid tavaliselt m\u00e4\u00e4ratletud aktsion\u00e4ridevahelise lepingu punktidena.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Miks_on_mitmeid_voimalikke_lepinguid_mida_solmitakse_investeerimisel\"><\/span>Miks on mitmeid v\u00f5imalikke lepinguid, mida s\u00f5lmitakse investeerimisel?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Eespool tutvustasime olukordi, kus s\u00f5lmitakse ainult investeerimisleping v\u00f5i nii investeerimis- kui ka aktsion\u00e4ridevaheline leping. Selgitame n\u00fc\u00fcd, miks on mitmeid v\u00f5imalikke lepinguid, mida s\u00f5lmitakse investeerimisel. Kui m\u00f5elda ainult investeerimislepingu s\u00f5lmimisele, siis investeerimislepingu osapooled on, nagu eespool mainitud, aktsiaid v\u00e4ljastav ettev\u00f5te, asutajate aktsion\u00e4rid ja investorid. Investeerimisleping on &#8220;leping&#8221;, seega see ei seo kedagi peale lepingu osapoolte. Seega, isegi kui aktsiaid v\u00e4ljastav ettev\u00f5te, asutajate aktsion\u00e4rid ja investorid on kokku leppinud, et nad valivad investori direktoriks, ei saa asutajate aktsion\u00e4rid ja investorid valida investorit direktoriks, kui nende aktsiate osakaal ei ole \u00fcle poole.<\/p>\n\n\n\n<p>Nii et, investeerimislepingu puhul ei saa teisi aktsion\u00e4re lepingu j\u00f5uga siduda ja kui on vaja teisi aktsion\u00e4re lepingu j\u00f5uga siduda, ei saa investeerimisleping seda teha.<\/p>\n\n\n\n<p>Seega, s\u00f5lmitav leping on aktsion\u00e4ridevaheline leping. Aktsion\u00e4ridevahelise lepingu osapooled on, nagu eespool selgitatud, aktsiaid v\u00e4ljastav ettev\u00f5te, asutajate aktsion\u00e4rid ja peamised investorid (VC jne). Aktsion\u00e4ridevahelises lepingus on lepingu osapoolte hulgas peamised investorid (VC jne), seega saab teisi aktsion\u00e4re lepingu j\u00f5uga siduda ja lepingu j\u00f5uga saab saavutada \u00fcle poole aktsiate osakaalu. Seet\u00f5ttu s\u00f5lmitakse investeerimisleping, kui pole vaja teisi aktsion\u00e4re lepingu j\u00f5uga siduda, ja aktsion\u00e4ridevaheline leping, kui on vaja teisi aktsion\u00e4re lepingu j\u00f5uga siduda.<\/p>\n\n\n\n<p>Kuid n\u00e4iteks, kui investoreid on v\u00e4he ja pole vaja teisi aktsion\u00e4re lepingu j\u00f5uga siduda, siis aktsion\u00e4ridevahelist lepingut ei s\u00f5lmita ja s\u00f5lmitakse ainult investeerimisleping. Investeerimislepingu s\u00f5lmimine \u00fcksi saavutab eesm\u00e4rgi ja v\u00e4hendab ka tulevaste vaidluste riski. Lisaks on v\u00f5imalik protseduure lihtsustada.<\/p>\n\n\n\n<p>Nagu eespool mainitud, s\u00f5ltuvalt ettev\u00f5tte suurusest, aktsiate osakaalust ja protseduuride mugavusest, on mitmeid v\u00f5imalikke lepinguid, mida s\u00f5lmitakse investeerimisel.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Varade_jaotamise_leping\"><\/span>Varade jaotamise leping<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>VC ja teised investorid v\u00f5ivad investeerimisel s\u00f5lmida varade jaotamise lepingu. Varade jaotamise leping t\u00e4hendab lepingut, milles on kokku lepitud M&amp;A-ga seotud Exit&#8217;i k\u00fcsimused, mis kaasnevad juhtimiskontrolli muutumisega.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Varade_jaotamise_lepingu_lepinguosalised\"><\/span>Varade jaotamise lepingu lepinguosalised<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Varade jaotamise lepingus on j\u00e4rgmised kolm osapoolt eeldatavad lepinguosalised:<\/p>\n\n\n\n<ol>\n<li>Aktsiate v\u00e4ljaandja<\/li>\n\n\n\n<li>Ettev\u00f5tte asutajad<\/li>\n\n\n\n<li>K\u00f5ik aktsion\u00e4rid<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Varade_jaotamise_lepingu_uldnimetus\"><\/span>Varade jaotamise lepingu \u00fcldnimetus<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Varade jaotamise lepingut v\u00f5ib nimetada erinevate nimedega, n\u00e4iteks j\u00e4rgmiste lepingunimede all:<\/p>\n\n\n\n<ol>\n<li>Varade jaotamise leping<\/li>\n\n\n\n<li>Omandamisele j\u00e4rgneva aktsion\u00e4ride jaotuse kokkulepe<\/li>\n\n\n\n<li>Aktsion\u00e4ride vaheline kokkulepe<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Varade_jaotamise_lepingu_peamised_punktid\"><\/span>Varade jaotamise lepingu peamised punktid<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Varade jaotamise lepingu sisu h\u00f5lmab peamiselt j\u00e4rgmisi punkte:<\/p>\n\n\n\n<ul>\n<li>Samaaegse m\u00fc\u00fcgi\u00f5iguse sisu<\/li>\n\n\n\n<li>Deemed likvideerimise sisu<\/li>\n<\/ul>\n\n\n\n<p>Varade jaotamise leping on, nagu nimigi \u00fctleb, varade jaotamise leping, seega peab see siduma k\u00f5iki varade jaotamisega seotud osapooli. Seet\u00f5ttu on oluline, et k\u00f5ik aktsion\u00e4rid, sealhulgas ingelinvestorid ja t\u00f6\u00f6tajate aktsion\u00e4rid, oleksid lepinguosalised.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/investment-contract-liquidation-provision\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/investment-contract-liquidation-provision[ja]<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kokkuvote\"><\/span>Kokkuv\u00f5te<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Oleme selgitanud investeerimislepingute ja aktsion\u00e4ride vaheliste lepingute suhet. On oluline m\u00f5ista, millist sisu reguleerivad investeerimislepingud ja aktsion\u00e4ride vahelised lepingud ning nende lepingute omavahelist suhet. Lepingute kohaselt on oluline m\u00f5ista, milliste osapoolte kohustamine on asjakohane, mis on oluline nii ettev\u00f5tetele kui ka VC-dele ja teistele investoritele. Seega, lepingu s\u00f5lmimisel on oluline ka kindlaks teha, kes on osapooled. Investeerimislepingute ja aktsion\u00e4ride vaheliste lepingute puhul on vajalik spetsiifiline \u00f5igusalane teadmised, seega on soovitatav saada n\u00f5u advokaadilt nii lepingu koostamisel kui ka s\u00f5lmimisel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kui tegelete idufirmadega, v\u00f5ib juhtuda, et VC ja teised investorid s\u00f5lmivad investeerimislepingu, m\u00f5nikord s\u00f5lmitakse aga nii investeerimisleping kui ka aktsion\u00e4ride vaheline leping. Investeerimislep [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":64650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[24,28],"acf":[],"_links":{"self":[{"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/posts\/61268"}],"collection":[{"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/comments?post=61268"}],"version-history":[{"count":2,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/posts\/61268\/revisions"}],"predecessor-version":[{"id":64651,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/posts\/61268\/revisions\/64651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/media\/64650"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/media?parent=61268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/categories?post=61268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/tags?post=61268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}