{"id":59869,"date":"2023-10-27T15:44:53","date_gmt":"2023-10-27T06:44:53","guid":{"rendered":"https:\/\/monolith.law\/vi\/?p=59869"},"modified":"2023-11-08T10:47:10","modified_gmt":"2023-11-08T01:47:10","slug":"importance-and-necessity-of-investment-contract","status":"publish","type":"post","link":"https:\/\/monolith.law\/vi\/general-corporate\/importance-and-necessity-of-investment-contract","title":{"rendered":"\u0110\u1ea7u t\u01b0 h\u1ee3p \u0111\u1ed3ng l\u00e0 g\u00ec? S\u1ef1 c\u1ea7n thi\u1ebft c\u1ee7a vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ed1i v\u1edbi doanh nghi\u1ec7p"},"content":{"rendered":"\n<p>Khi c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p nh\u1eadn \u0111\u1ea7u t\u01b0, c\u00f3 th\u1ec3 h\u1ecd s\u1ebd nh\u1eadn \u0111\u1ea7u t\u01b0 t\u1eeb ng\u01b0\u1eddi quen ho\u1eb7c nh\u1eefng ng\u01b0\u1eddi \u0111\u1ea7u t\u01b0 thi\u00ean th\u1ea7n m\u00e0 ng\u01b0\u1eddi ta th\u01b0\u1eddng n\u00f3i, ho\u1eb7c c\u0169ng c\u00f3 th\u1ec3 h\u1ecd s\u1ebd nh\u1eadn \u0111\u1ea7u t\u01b0 t\u1eeb Qu\u1ef9 \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m (VC). Trong tr\u01b0\u1eddng h\u1ee3p nh\u1eadn \u0111\u1ea7u t\u01b0 t\u1eeb ng\u01b0\u1eddi quen, do \u0111\u00e3 c\u00f3 m\u1ed1i quan h\u1ec7 t\u1eeb tr\u01b0\u1edbc n\u00ean c\u00f3 th\u1ec3 h\u1ecd s\u1ebd kh\u00f4ng k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0.<br> Ng\u01b0\u1ee3c l\u1ea1i, khi nh\u1eadn \u0111\u1ea7u t\u01b0 t\u1eeb VC, h\u1ea7u h\u1ebft c\u00e1c tr\u01b0\u1eddng h\u1ee3p h\u1ecd s\u1ebd y\u00eau c\u1ea7u k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0. Tuy nhi\u00ean, c\u00f3 nh\u1eefng ph\u1ea7n v\u1eabn ch\u01b0a \u0111\u01b0\u1ee3c hi\u1ec3u r\u00f5 v\u1ec1 h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 m\u00e0 b\u1ea1n th\u01b0\u1eddng nghe khi nh\u1eadn \u0111\u1ea7u t\u01b0, nh\u01b0 n\u1ed9i dung c\u1ee7a h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 l\u00e0 g\u00ec, t\u1ea1i sao h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 l\u1ea1i quan tr\u1ecdng, c\u00f3 c\u1ea7n thi\u1ebft ph\u1ea3i k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 hay kh\u00f4ng, v.v. Do \u0111\u00f3, trong b\u00e0i vi\u1ebft n\u00e0y, ch\u00fang t\u00f4i s\u1ebd gi\u1ea3i th\u00edch v\u1ec1 t\u1ea7m quan tr\u1ecdng v\u00e0 s\u1ef1 c\u1ea7n thi\u1ebft c\u1ee7a vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0.<\/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\/vi\/general-corporate\/importance-and-necessity-of-investment-contract\/#Hop_dong_dau_tu_la_gi\" title=\"H\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 l\u00e0 g\u00ec?\">H\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 l\u00e0 g\u00ec?<\/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\/vi\/general-corporate\/importance-and-necessity-of-investment-contract\/#Noi_dung_ve_cac_van_de_co_ban_lien_quan_den_dau_tu\" title=\"N\u1ed9i dung v\u1ec1 c\u00e1c v\u1ea5n \u0111\u1ec1 c\u01a1 b\u1ea3n li\u00ean quan \u0111\u1ebfn \u0111\u1ea7u t\u01b0\">N\u1ed9i dung v\u1ec1 c\u00e1c v\u1ea5n \u0111\u1ec1 c\u01a1 b\u1ea3n li\u00ean quan \u0111\u1ebfn \u0111\u1ea7u t\u01b0<\/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\/vi\/general-corporate\/importance-and-necessity-of-investment-contract\/#Noi_dung_ve_dieu_kien_tien_quyet_cua_dau_tu\" title=\"N\u1ed9i dung v\u1ec1 \u0111i\u1ec1u ki\u1ec7n ti\u00ean quy\u1ebft c\u1ee7a \u0111\u1ea7u t\u01b0\">N\u1ed9i dung v\u1ec1 \u0111i\u1ec1u ki\u1ec7n ti\u00ean quy\u1ebft c\u1ee7a \u0111\u1ea7u t\u01b0<\/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\/vi\/general-corporate\/importance-and-necessity-of-investment-contract\/#Noi_dung_lien_quan_den_co_phieu\" title=\"N\u1ed9i dung li\u00ean quan \u0111\u1ebfn c\u1ed5 phi\u1ebfu\">N\u1ed9i dung li\u00ean quan \u0111\u1ebfn c\u1ed5 phi\u1ebfu<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/vi\/general-corporate\/importance-and-necessity-of-investment-contract\/#Noi_dung_lien_quan_den_viec_dieu_hanh_doanh_nghiep\" title=\"N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c \u0111i\u1ec1u h\u00e0nh doanh nghi\u1ec7p\">N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c \u0111i\u1ec1u h\u00e0nh doanh nghi\u1ec7p<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/vi\/general-corporate\/importance-and-necessity-of-investment-contract\/#Noi_dung_lien_quan_den_viec_rut_lui_khoi_dau_tu\" title=\"N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c r\u00fat lui kh\u1ecfi \u0111\u1ea7u t\u01b0\">N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c r\u00fat lui kh\u1ecfi \u0111\u1ea7u t\u01b0<\/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\/vi\/general-corporate\/importance-and-necessity-of-investment-contract\/#Noi_dung_lien_quan_den_cac_dieu_khoan_chung\" title=\"N\u1ed9i dung li\u00ean quan \u0111\u1ebfn c\u00e1c \u0111i\u1ec1u kho\u1ea3n chung\">N\u1ed9i dung li\u00ean quan \u0111\u1ebfn c\u00e1c \u0111i\u1ec1u kho\u1ea3n chung<\/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\/vi\/general-corporate\/importance-and-necessity-of-investment-contract\/#Tam_quan_trong_cua_viec_ky_ket_hop_dong_dau_tu\" title=\"T\u1ea7m quan tr\u1ecdng c\u1ee7a vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0\">T\u1ea7m quan tr\u1ecdng c\u1ee7a vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0<\/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\/vi\/general-corporate\/importance-and-necessity-of-investment-contract\/#%E2%80%9CNhan_dau_tu_nhung_khong_co_hop_dong%E2%80%9D_la_rat_bat_loi_cho_phia_doanh_nghiep\" title=\"&#8220;Nh\u1eadn \u0111\u1ea7u t\u01b0 nh\u01b0ng kh\u00f4ng c\u00f3 h\u1ee3p \u0111\u1ed3ng&#8221; l\u00e0 r\u1ea5t b\u1ea5t l\u1ee3i cho ph\u00eda doanh nghi\u1ec7p\">&#8220;Nh\u1eadn \u0111\u1ea7u t\u01b0 nh\u01b0ng kh\u00f4ng c\u00f3 h\u1ee3p \u0111\u1ed3ng&#8221; l\u00e0 r\u1ea5t b\u1ea5t l\u1ee3i cho ph\u00eda doanh nghi\u1ec7p<\/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\/vi\/general-corporate\/importance-and-necessity-of-investment-contract\/#Neu_khong_ky_ket_hop_dong_%E2%80%9Cdo_la_von%E2%80%9D_khong_duoc_xac_dinh\" title=\"N\u1ebfu kh\u00f4ng k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng, &#8220;\u0111\u00f3 l\u00e0 v\u1ed1n&#8221; kh\u00f4ng \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh\">N\u1ebfu kh\u00f4ng k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng, &#8220;\u0111\u00f3 l\u00e0 v\u1ed1n&#8221; kh\u00f4ng \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh<\/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\/vi\/general-corporate\/importance-and-necessity-of-investment-contract\/#Hop_dong_dau_tu_va_hop_dong_mua_toan_bo_so_co_phieu\" title=\"H\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 v\u00e0 h\u1ee3p \u0111\u1ed3ng mua to\u00e0n b\u1ed9 s\u1ed1 c\u1ed5 phi\u1ebfu\">H\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 v\u00e0 h\u1ee3p \u0111\u1ed3ng mua to\u00e0n b\u1ed9 s\u1ed1 c\u1ed5 phi\u1ebfu<\/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\/vi\/general-corporate\/importance-and-necessity-of-investment-contract\/#Su_can_thiet_cua_viec_ky_ket_hop_dong_dau_tu\" title=\"S\u1ef1 c\u1ea7n thi\u1ebft c\u1ee7a vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0\">S\u1ef1 c\u1ea7n thi\u1ebft c\u1ee7a vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/monolith.law\/vi\/general-corporate\/importance-and-necessity-of-investment-contract\/#Tom_tat\" title=\"T\u00f3m t\u1eaft\">T\u00f3m t\u1eaft<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hop_dong_dau_tu_la_gi\"><\/span>H\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 l\u00e0 g\u00ec?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/Monolith.law\/wp-content\/uploads\/2019\/09\/shutterstock_552038356-1024x684.jpg\" alt=\"\" class=\"wp-image-5012\" \/><figcaption class=\"wp-element-caption\">Ch\u00fang t\u00f4i s\u1ebd gi\u1ea3i th\u00edch v\u1ec1 c\u00e1c \u0111i\u1ec3m quan tr\u1ecdng khi k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0.<\/figcaption><\/figure>\n\n\n\n<p>Trong ho\u1ea1t \u0111\u1ed9ng c\u1ee7a doanh nghi\u1ec7p, c\u00f3 s\u1ef1 xu\u1ea5t hi\u1ec7n c\u1ee7a c\u00e1c doanh nghi\u1ec7p, ban l\u00e3nh \u0111\u1ea1o doanh nghi\u1ec7p, nh\u00e0 \u0111\u1ea7u t\u01b0, c\u1ed5 \u0111\u00f4ng, \u0111\u1ed1i t\u00e1c giao d\u1ecbch c\u1ee7a doanh nghi\u1ec7p, v.v. H\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 l\u00e0 h\u1ee3p \u0111\u1ed3ng c\u1ea7n thi\u1ebft \u0111\u1ec3 \u0111i\u1ec1u ch\u1ec9nh quy\u1ec1n l\u1ee3i gi\u1eefa doanh nghi\u1ec7p, ban l\u00e3nh \u0111\u1ea1o doanh nghi\u1ec7p, v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0, nh\u1eb1m tr\u00e1nh r\u1eafc r\u1ed1i ph\u00e1t sinh sau n\u00e0y.<\/p>\n\n\n\n<p>N\u1ed9i dung c\u1ee7a h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 ch\u1ee7 y\u1ebfu bao g\u1ed3m c\u00e1c n\u1ed9i dung sau:<\/p>\n\n\n\n<ul>\n<li>N\u1ed9i dung v\u1ec1 c\u00e1c v\u1ea5n \u0111\u1ec1 c\u01a1 b\u1ea3n li\u00ean quan \u0111\u1ebfn \u0111\u1ea7u t\u01b0<\/li>\n\n\n\n<li>N\u1ed9i dung v\u1ec1 c\u00e1c \u0111i\u1ec1u ki\u1ec7n ti\u00ean quy\u1ebft c\u1ee7a \u0111\u1ea7u t\u01b0<\/li>\n\n\n\n<li>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn c\u1ed5 phi\u1ebfu v\u00e0 qu\u1ea3n l\u00fd c\u00f4ng ty<\/li>\n\n\n\n<li>N\u1ed9i dung v\u1ec1 vi\u1ec7c r\u00fat lui kh\u1ecfi \u0111\u1ea7u t\u01b0<\/li>\n\n\n\n<li>N\u1ed9i dung v\u1ec1 c\u00e1c \u0111i\u1ec1u kho\u1ea3n chung<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Noi_dung_ve_cac_van_de_co_ban_lien_quan_den_dau_tu\"><\/span>N\u1ed9i dung v\u1ec1 c\u00e1c v\u1ea5n \u0111\u1ec1 c\u01a1 b\u1ea3n li\u00ean quan \u0111\u1ebfn \u0111\u1ea7u t\u01b0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0, c\u1ed5 phi\u1ebfu th\u01b0\u1eddng \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh. N\u00f3i c\u00e1ch kh\u00e1c, c\u00e1c v\u1ea5n \u0111\u1ec1 c\u01a1 b\u1ea3n li\u00ean quan \u0111\u1ebfn \u0111\u1ea7u t\u01b0 l\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd thanh to\u00e1n ti\u1ec1n cho doanh nghi\u1ec7p, v\u00e0 doanh nghi\u1ec7p s\u1ebd ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu cho nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n\n\n\n<p>Do \u0111\u00f3, c\u00e1c v\u1ea5n \u0111\u1ec1 c\u01a1 b\u1ea3n li\u00ean quan \u0111\u1ebfn \u0111\u1ea7u t\u01b0 bao g\u1ed3m c\u00e1c \u0111i\u1ec1u kho\u1ea3n v\u1ec1 lo\u1ea1i c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh, s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh, gi\u00e1 c\u1ed5 phi\u1ebfu (gi\u00e1 c\u1ed5 phi\u1ebfu), t\u1ed5ng s\u1ed1 ti\u1ec1n m\u00e0 ng\u01b0\u1eddi \u0111\u1ea7u t\u01b0 s\u1ebd thanh to\u00e1n, v\u00e0 c\u00e1c v\u1ea5n \u0111\u1ec1 li\u00ean quan kh\u00e1c.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Noi_dung_ve_dieu_kien_tien_quyet_cua_dau_tu\"><\/span>N\u1ed9i dung v\u1ec1 \u0111i\u1ec1u ki\u1ec7n ti\u00ean quy\u1ebft c\u1ee7a \u0111\u1ea7u t\u01b0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c hi\u1ec7n \u0111\u1ea7u t\u01b0 trong khi ch\u1ea5p nh\u1eadn r\u1ee7i ro c\u00f3 th\u1ec3 ph\u1ea3i ch\u1ecbu l\u1ed7. Vi\u1ec7c gi\u1ea3m r\u1ee7i ro n\u00e0y xu\u1ed1ng c\u00f2n kh\u00f4ng l\u00e0 kh\u00e1 kh\u00f3 kh\u0103n, nh\u01b0ng n\u1ebfu c\u00f3 th\u1ec3 nh\u1eadn \u0111\u01b0\u1ee3c th\u00f4ng tin ph\u00f9 h\u1ee3p v\u1ec1 doanh nghi\u1ec7p, th\u00ec c\u00f3 th\u1ec3 gi\u1ea3m r\u1ee7i ro. Do \u0111\u00f3, th\u01b0\u1eddng c\u00f3 c\u00e1c \u0111i\u1ec1u kho\u1ea3n v\u1ec1 \u0111i\u1ec1u ki\u1ec7n ti\u00ean quy\u1ebft \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0.<\/p>\n\n\n\n<p>V\u00ed d\u1ee5, doanh nghi\u1ec7p c\u00f3 th\u1ec3 quy \u0111\u1ecbnh c\u00e1c \u0111i\u1ec1u kho\u1ea3n \u0111\u1ea3m b\u1ea3o v\u00e0 kh\u1eb3ng \u0111\u1ecbnh (Representations and Warranties) \u0111\u1ec3 kh\u1eb3ng \u0111\u1ecbnh v\u00e0 \u0111\u1ea3m b\u1ea3o \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1ec1 s\u1ef1 ch\u00ednh x\u00e1c c\u1ee7a n\u1ed9i dung c\u00e1c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh nh\u01b0 b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n (B\/S), b\u00e1o c\u00e1o k\u1ebft qu\u1ea3 kinh doanh (P\/L), b\u1ea3ng t\u00ednh d\u00f2ng ti\u1ec1n (C\/F), b\u1ea3ng t\u00ednh bi\u1ebfn \u0111\u1ed9ng v\u1ed1n c\u1ed5 \u0111\u00f4ng (S\/S) m\u00e0 doanh nghi\u1ec7p \u0111\u00e3 ti\u1ebft l\u1ed9 cho nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n\n\n\n<p>B\u00e0i vi\u1ebft li\u00ean quan: <a href=\"https:\/\/Monolith.law\/corporate\/representations-and-warranties-of-investment-contract\" target=\"_blank\" rel=\"noreferrer noopener\">\u0110i\u1ec1u kho\u1ea3n \u0111\u1ea3m b\u1ea3o v\u00e0 kh\u1eb3ng \u0111\u1ecbnh trong h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 l\u00e0 g\u00ec[ja]<\/a><\/p>\n\n\n\n<p>Ngo\u00e0i ra, doanh nghi\u1ec7p c\u0169ng c\u00f3 th\u1ec3 quy \u0111\u1ecbnh c\u00e1c \u0111i\u1ec1u kho\u1ea3n \u0111\u1ec3 x\u00e1c nh\u1eadn r\u1eb1ng kh\u00f4ng c\u00f3 s\u1ef1 ki\u1ec7n x\u1ea3y ra sau khi doanh nghi\u1ec7p ti\u1ebft l\u1ed9 th\u00f4ng tin cho nh\u00e0 \u0111\u1ea7u t\u01b0, ho\u1eb7c c\u00e1c \u0111i\u1ec1u kho\u1ea3n quy \u0111\u1ecbnh r\u1eb1ng doanh nghi\u1ec7p s\u1ebd n\u1ed9p c\u00e1c t\u00e0i li\u1ec7u quan tr\u1ecdng nh\u01b0 bi\u00ean b\u1ea3n h\u1ecdp \u0111\u1ea1i h\u1ed9i c\u1ed5 \u0111\u00f4ng cho nh\u00e0 \u0111\u1ea7u t\u01b0, nh\u1eefng \u0111i\u1ec1u kho\u1ea3n n\u00e0y li\u00ean quan \u0111\u1ebfn \u0111i\u1ec1u ki\u1ec7n ti\u00ean quy\u1ebft \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Noi_dung_lien_quan_den_co_phieu\"><\/span>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn c\u1ed5 phi\u1ebfu<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Kh\u00f4ng ph\u1ea3i t\u1ea5t c\u1ea3 c\u1ed5 phi\u1ebfu \u0111\u1ec1u gi\u1ed1ng nhau, n\u1ed9i dung c\u1ee7a ch\u00fang c\u00f3 th\u1ec3 kh\u00e1c nhau nh\u01b0 sau:<\/p>\n\n\n\n<ul>\n<li>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c ph\u00e2n ph\u1ed1i l\u1ee3i nhu\u1eadn d\u01b0<\/li>\n\n\n\n<li>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c ph\u00e2n ph\u1ed1i t\u00e0i s\u1ea3n c\u00f2n l\u1ea1i<\/li>\n\n\n\n<li>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c th\u1ef1c hi\u1ec7n quy\u1ec1n bi\u1ec3u quy\u1ebft t\u1ea1i \u0110\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng<\/li>\n\n\n\n<li>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c chuy\u1ec3n nh\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu<\/li>\n\n\n\n<li>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c c\u1ed5 \u0111\u00f4ng y\u00eau c\u1ea7u doanh nghi\u1ec7p mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a m\u00ecnh<\/li>\n\n\n\n<li>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c doanh nghi\u1ec7p c\u00f3 th\u1ec3 mua l\u1ea1i c\u1ed5 phi\u1ebfu t\u1eeb c\u1ed5 \u0111\u00f4ng khi c\u00f3 m\u1ed9t s\u1ed1 \u0111i\u1ec1u ki\u1ec7n nh\u1ea5t \u0111\u1ecbnh<\/li>\n\n\n\n<li>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c doanh nghi\u1ec7p c\u00f3 th\u1ec3 mua l\u1ea1i to\u00e0n b\u1ed9 c\u1ed5 phi\u1ebfu th\u00f4ng qua quy\u1ebft \u0111\u1ecbnh c\u1ee7a \u0110\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng<\/li>\n\n\n\n<li>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c c\u1ea7n c\u00f3 quy\u1ebft \u0111\u1ecbnh c\u1ee7a \u0110\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng lo\u1ea1i h\u00ecnh c\u1ed5 phi\u1ebfu<\/li>\n\n\n\n<li>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c b\u1ea7u ch\u1ecdn gi\u00e1m \u0111\u1ed1c v\u00e0 ki\u1ec3m to\u00e1n vi\u00ean t\u1ea1i \u0110\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng lo\u1ea1i h\u00ecnh c\u1ed5 phi\u1ebfu<\/li>\n<\/ul>\n\n\n\n<p>B\u00e0i vi\u1ebft li\u00ean quan: <a href=\"https:\/\/Monolith.law\/corporate\/issuance-of-class-shares\" target=\"_blank\" rel=\"noreferrer noopener\">Ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu lo\u1ea1i h\u00ecnh trong h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 c\u1ee7a c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p v\u00e0 n\u1ed9i dung c\u1ee7a n\u00f3[ja]<\/a><\/p>\n\n\n\n<p>T\u1eeb g\u00f3c \u0111\u1ed9 c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0, h\u1ecd mu\u1ed1n mua c\u1ed5 phi\u1ebfu v\u1edbi \u0111i\u1ec1u ki\u1ec7n t\u1ed1t nh\u1ea5t. Tuy nhi\u00ean, t\u1eeb g\u00f3c \u0111\u1ed9 c\u1ee7a doanh nghi\u1ec7p, h\u1ecd mu\u1ed1n tr\u00e1nh vi\u1ec7c ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn vi\u1ec7c nh\u01b0\u1ee3ng quy\u1ec1n ki\u1ec3m so\u00e1t c\u00f4ng ty cho nh\u00e0 \u0111\u1ea7u t\u01b0. Do \u0111\u00f3, n\u1ed9i dung li\u00ean quan \u0111\u1ebfn c\u1ed5 phi\u1ebfu c\u1ea7n \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh c\u1ea9n th\u1eadn trong n\u1ed9i dung h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Noi_dung_lien_quan_den_viec_dieu_hanh_doanh_nghiep\"><\/span>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c \u0111i\u1ec1u h\u00e0nh doanh nghi\u1ec7p<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u0110\u1ed1i v\u1edbi nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c doanh nghi\u1ec7p c\u00f3 qu\u1ea3n l\u00fd t\u1ed1t nh\u01b0 c\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft, c\u00f3 nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng quan t\u00e2m nhi\u1ec1u \u0111\u1ebfn vi\u1ec7c \u0111i\u1ec1u h\u00e0nh doanh nghi\u1ec7p. Tuy nhi\u00ean, \u0111\u1ed1i v\u1edbi c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p, vi\u1ec7c qu\u1ea3n l\u00fd kh\u00f4ng nh\u1ea5t thi\u1ebft lu\u00f4n \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n t\u1ed1t, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 tham gia v\u00e0o vi\u1ec7c \u0111i\u1ec1u h\u00e0nh doanh nghi\u1ec7p.<\/p>\n\n\n\n<p>Do \u0111\u00f3, c\u00f3 th\u1ec3 c\u00f3 c\u00e1c \u0111i\u1ec1u kho\u1ea3n li\u00ean quan \u0111\u1ebfn vi\u1ec7c \u0111i\u1ec1u h\u00e0nh doanh nghi\u1ec7p \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh trong n\u1ed9i dung h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0. V\u00ed d\u1ee5, khi VC \u0111\u1ea7u t\u01b0, c\u00f3 th\u1ec3 c\u00f3 c\u00e1c \u0111i\u1ec1u kho\u1ea3n cho ph\u00e9p c\u00e1c gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh c\u1ee7a VC nh\u1eadn ch\u1ee9c v\u1ee5 gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh c\u1ee7a c\u00f4ng ty nh\u1eadn \u0111\u1ea7u t\u01b0, ho\u1eb7c cho ph\u00e9p tham gia v\u00e0o h\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb c\u1ee7a c\u00f4ng ty nh\u1eadn \u0111\u1ea7u t\u01b0 d\u01b0\u1edbi t\u01b0 c\u00e1ch quan s\u00e1t vi\u00ean.<\/p>\n\n\n\n<p>B\u00e0i vi\u1ebft li\u00ean quan: <a href=\"https:\/\/Monolith.law\/corporate\/clause-dispatching-of-company-executives\" target=\"_blank\" rel=\"noreferrer noopener\">\u0110i\u1ec1u kho\u1ea3n c\u1eed gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh trong h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 l\u00e0 g\u00ec[ja]<\/a><\/p>\n\n\n\n<p>Ngo\u00e0i ra, c\u0169ng c\u00f3 th\u1ec3 c\u00f3 c\u00e1c \u0111i\u1ec1u kho\u1ea3n y\u00eau c\u1ea7u s\u1ef1 \u0111\u1ed3ng \u00fd ho\u1eb7c ch\u1ea5p thu\u1eadn c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 khi doanh nghi\u1ec7p \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh, ho\u1eb7c c\u00e1c \u0111i\u1ec1u kho\u1ea3n y\u00eau c\u1ea7u doanh nghi\u1ec7p th\u00f4ng b\u00e1o cho nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1ec1 m\u1ed9t s\u1ed1 v\u1ea5n \u0111\u1ec1 c\u1ee5 th\u1ec3 li\u00ean quan \u0111\u1ebfn vi\u1ec7c \u0111i\u1ec1u h\u00e0nh doanh nghi\u1ec7p.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Noi_dung_lien_quan_den_viec_rut_lui_khoi_dau_tu\"><\/span>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn vi\u1ec7c r\u00fat lui kh\u1ecfi \u0111\u1ea7u t\u01b0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Trong n\u1ed9i dung c\u1ee7a h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0, c\u00e1c \u0111i\u1ec1u kho\u1ea3n kh\u00e1c nhau \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh nh\u01b0 \u0111\u00e3 n\u00eau tr\u00ean, nh\u01b0ng c\u0169ng c\u00f3 th\u1ec3 x\u1ea3y ra tr\u01b0\u1eddng h\u1ee3p c\u00e1c b\u00ean tham gia vi ph\u1ea1m h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0. Do \u0111\u00f3, c\u00f3 th\u1ec3 c\u00f3 c\u00e1c \u0111i\u1ec1u kho\u1ea3n quy \u0111\u1ecbnh v\u1ec1 vi\u1ec7c nh\u00e0 \u0111\u1ea7u t\u01b0 r\u00fat lui kh\u1ecfi \u0111\u1ea7u t\u01b0 khi c\u00f3 h\u00e0nh vi vi ph\u1ea1m h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0.<\/p>\n\n\n\n<p>V\u00ed d\u1ee5, c\u00f3 th\u1ec3 c\u00f3 tr\u01b0\u1eddng h\u1ee3p doanh nghi\u1ec7p vi ph\u1ea1m h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n r\u00fat lui kh\u1ecfi \u0111\u1ea7u t\u01b0. Trong tr\u01b0\u1eddng h\u1ee3p n\u00e0y, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 b\u00e1n c\u1ed5 phi\u1ebfu m\u00e0 h\u1ecd \u0111\u00e3 mua t\u1eeb doanh nghi\u1ec7p ph\u00e1t h\u00e0nh ho\u1eb7c t\u1eeb ng\u01b0\u1eddi \u0111\u1ea1i di\u1ec7n c\u00e1 nh\u00e2n c\u1ee7a doanh nghi\u1ec7p, v\u00e0 r\u00fat lui kh\u1ecfi vi\u1ec7c \u0111\u1ea7u t\u01b0.<\/p>\n\n\n\n<p>B\u00e0i vi\u1ebft li\u00ean quan: <a href=\"https:\/\/Monolith.law\/corporate\/investment-stock-purchase-clause\" target=\"_blank\" rel=\"noreferrer noopener\">\u0110i\u1ec1u kho\u1ea3n mua c\u1ed5 phi\u1ebfu trong h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 l\u00e0 g\u00ec[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Noi_dung_lien_quan_den_cac_dieu_khoan_chung\"><\/span>N\u1ed9i dung li\u00ean quan \u0111\u1ebfn c\u00e1c \u0111i\u1ec1u kho\u1ea3n chung<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng th\u1ec3 quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 m\u00e0 kh\u00f4ng c\u00f3 th\u00f4ng tin g\u00ec. Do \u0111\u00f3, th\u00f4ng tin nh\u1ea5t \u0111\u1ecbnh s\u1ebd \u0111\u01b0\u1ee3c cung c\u1ea5p t\u1eeb doanh nghi\u1ec7p \u0111\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0, nh\u01b0ng \u0111\u1ec3 ng\u0103n ch\u1eb7n t\u00ecnh hu\u1ed1ng m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 r\u00f2 r\u1ec9 th\u00f4ng tin cho b\u00ean th\u1ee9 ba, th\u00ec th\u00f4ng th\u01b0\u1eddng, c\u00e1c \u0111i\u1ec1u kho\u1ea3n v\u1ec1 b\u1ea3o m\u1eadt s\u1ebd \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh trong h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0.<\/p>\n\n\n\n<p>Ngo\u00e0i ra, c\u00f3 th\u1ec3 s\u1ebd quy \u0111\u1ecbnh c\u00e1c \u0111i\u1ec1u kho\u1ea3n v\u1ec1 th\u1eddi h\u1ea1n t\u1ed3n t\u1ea1i c\u1ee7a h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0, c\u00e1c \u0111i\u1ec1u kho\u1ea3n li\u00ean quan \u0111\u1ebfn vi\u1ec7c th\u1ea3o lu\u1eadn gi\u1eefa doanh nghi\u1ec7p v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0, v\u00e0 c\u00e1c \u0111i\u1ec1u kho\u1ea3n v\u1ec1 th\u1ea9m quy\u1ec1n t\u00f2a \u00e1n trong tr\u01b0\u1eddng h\u1ee3p x\u1ea3y ra tranh ch\u1ea5p gi\u1eefa doanh nghi\u1ec7p v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tam_quan_trong_cua_viec_ky_ket_hop_dong_dau_tu\"><\/span>T\u1ea7m quan tr\u1ecdng c\u1ee7a vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/Monolith.law\/wp-content\/uploads\/2019\/09\/shutterstock_599411303-1024x731.jpg\" alt=\"\" class=\"wp-image-5013\" \/><figcaption class=\"wp-element-caption\">T\u1ea7m c\u1ea7n thi\u1ebft v\u00e0 quan tr\u1ecdng c\u1ee7a h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 l\u00e0 g\u00ec?<\/figcaption><\/figure>\n\n\n\n<p>Ch\u00fang t\u00f4i \u0111\u00e3 gi\u1ea3i th\u00edch v\u1ec1 n\u1ed9i dung c\u1ee7a h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 nh\u01b0 tr\u00ean, nh\u01b0ng th\u1ef1c t\u1ebf, vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 kh\u00f4ng ph\u1ea3i l\u00e0 quy tr\u00ecnh \u0111\u01b0\u1ee3c y\u00eau c\u1ea7u theo Lu\u1eadt C\u00f4ng ty Nh\u1eadt B\u1ea3n (Japanese Company Law), v\u00e0 doanh nghi\u1ec7p c\u00f3 th\u1ec3 ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu m\u00e0 kh\u00f4ng c\u1ea7n k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0. Tuy nhi\u00ean, c\u00f3 th\u1ec3 n\u00f3i r\u1eb1ng vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 quan tr\u1ecdng v\u00ec nh\u1eefng l\u00fd do sau \u0111\u00e2y.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%80%9CNhan_dau_tu_nhung_khong_co_hop_dong%E2%80%9D_la_rat_bat_loi_cho_phia_doanh_nghiep\"><\/span>&#8220;Nh\u1eadn \u0111\u1ea7u t\u01b0 nh\u01b0ng kh\u00f4ng c\u00f3 h\u1ee3p \u0111\u1ed3ng&#8221; l\u00e0 r\u1ea5t b\u1ea5t l\u1ee3i cho ph\u00eda doanh nghi\u1ec7p<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u0110\u1ea7u ti\u00ean, t\u00ecnh hu\u1ed1ng kh\u00f4ng c\u00f3 h\u1ee3p \u0111\u1ed3ng n\u00e0o li\u00ean quan \u0111\u1ebfn \u0111\u1ea7u t\u01b0, th\u1ef1c ra l\u00e0 m\u1ed9t t\u00ecnh hu\u1ed1ng &#8220;l\u1ee3i th\u1ebf&#8221; \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0, ch\u1ee9 kh\u00f4ng ph\u1ea3i \u0111\u1ed1i v\u1edbi doanh nghi\u1ec7p nh\u1eadn \u0111\u1ea7u t\u01b0. \u0110i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 kh\u00f3 hi\u1ec3u \u0111\u1ed1i v\u1edbi c\u00e1c doanh nghi\u1ec7p kh\u1edfi nghi\u1ec7p nh\u1eadn \u0111\u1ea7u t\u01b0 l\u1ea7n \u0111\u1ea7u ti\u00ean, v\u00ec v\u1eady t\u00f4i s\u1ebd gi\u1ea3i th\u00edch m\u1ed9t c\u00e1ch chi ti\u1ebft h\u01a1n d\u01b0\u1edbi \u0111\u00e2y.<\/p>\n\n\n\n<p>\u0110\u1ea7u ti\u00ean, n\u1ebfu ch\u1ec9 c\u00f3 s\u1ef1 ki\u1ec7n &#8220;nh\u00e0 \u0111\u1ea7u t\u01b0 chuy\u1ec3n ti\u1ec1n cho doanh nghi\u1ec7p&#8221;, n\u1ebfu nh\u00e0 \u0111\u1ea7u t\u01b0 quy\u1ebft \u0111\u1ecbnh &#8220;t\u00f4i kh\u00f4ng n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o doanh nghi\u1ec7p n\u00e0y&#8221; sau c\u00f9ng, doanh nghi\u1ec7p s\u1ebd b\u1ecb \u0111\u1eb7t v\u00e0o m\u1ed9t v\u1ecb tr\u00ed b\u1ea5t l\u1ee3i. N\u1ebfu ch\u1ec9 c\u00f3 s\u1ef1 ki\u1ec7n &#8220;nh\u00e0 \u0111\u1ea7u t\u01b0 chuy\u1ec3n ti\u1ec1n cho doanh nghi\u1ec7p&#8221;, kh\u00f4ng th\u1ec3 x\u00e1c \u0111\u1ecbnh r\u00f5 r\u00e0ng r\u1eb1ng s\u1ed1 ti\u1ec1n \u0111\u00f3 l\u00e0:<\/p>\n\n\n\n<ol>\n<li>S\u1ed1 ti\u1ec1n \u0111\u1ea7u t\u01b0 \u0111\u00e3 \u0111\u01b0\u1ee3c chuy\u1ec3n nh\u01b0 m\u1ed9t &#8220;\u0111\u1ea7u t\u01b0&#8221;<\/li>\n\n\n\n<li>S\u1ed1 ti\u1ec1n \u0111\u1eb7t c\u1ecdc \u0111\u00e3 \u0111\u01b0\u1ee3c chuy\u1ec3n tr\u01b0\u1edbc cho s\u1ed1 1<\/li>\n\n\n\n<li>(S\u1ed1 ti\u1ec1n \u0111\u00e3 \u0111\u01b0\u1ee3c chuy\u1ec3n d\u01b0\u1edbi h\u00ecnh th\u1ee9c vay m\u01b0\u1ee3n, kh\u00f4ng c\u00f3 nguy\u00ean nh\u00e2n ph\u00e1p l\u00fd n\u00e0o)<\/li>\n<\/ol>\n\n\n\n<p>V\u00ec v\u1eady, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 y\u00eau c\u1ea7u doanh nghi\u1ec7p ho\u00e0n tr\u1ea3 ti\u1ec1n b\u1eb1ng c\u00e1ch n\u00f3i r\u1eb1ng &#8220;s\u1ed1 ti\u1ec1n t\u00f4i \u0111\u00e3 chuy\u1ec3n tr\u01b0\u1edbc \u0111\u00f3 l\u00e0 ti\u1ec1n \u0111\u1eb7t c\u1ecdc&#8221;. M\u1eb7t kh\u00e1c, n\u1ebfu nh\u00e0 \u0111\u1ea7u t\u01b0 quy\u1ebft \u0111\u1ecbnh &#8220;t\u00f4i n\u00ean \u0111\u1ea7u t\u01b0&#8221;, h\u1ecd c\u00f3 th\u1ec3 y\u00eau c\u1ea7u doanh nghi\u1ec7p &#8220;h\u00e3y k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 v\u00ec ch\u00fang t\u00f4i ch\u01b0a k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng&#8221;. Do \u0111\u00f3, n\u1ebfu &#8220;ti\u1ec1n \u0111\u00e3 \u0111\u01b0\u1ee3c chuy\u1ec3n nh\u01b0ng kh\u00f4ng c\u00f3 h\u1ee3p \u0111\u1ed3ng&#8221;, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3:<\/p>\n\n\n\n<ul>\n<li>Y\u00eau c\u1ea7u ho\u00e0n tr\u1ea3 n\u1ebfu h\u1ecd ngh\u0129 r\u1eb1ng \u0111\u1ea7u t\u01b0 \u0111\u00f3 th\u1ea5t b\u1ea1i<\/li>\n\n\n\n<li>Y\u00eau c\u1ea7u k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 n\u1ebfu h\u1ecd ngh\u0129 r\u1eb1ng \u0111\u1ea7u t\u01b0 \u0111\u00f3 th\u00e0nh c\u00f4ng<\/li>\n<\/ul>\n\n\n\n<p>\u0110\u00e2y l\u00e0 m\u1ed9t t\u00ecnh hu\u1ed1ng &#8220;b\u1ea5t l\u1ee3i&#8221; \u0111\u1ed1i v\u1edbi doanh nghi\u1ec7p nh\u1eadn \u0111\u1ea7u t\u01b0.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Neu_khong_ky_ket_hop_dong_%E2%80%9Cdo_la_von%E2%80%9D_khong_duoc_xac_dinh\"><\/span>N\u1ebfu kh\u00f4ng k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng, &#8220;\u0111\u00f3 l\u00e0 v\u1ed1n&#8221; kh\u00f4ng \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>N\u00f3i c\u00e1ch kh\u00e1c, vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng li\u00ean quan \u0111\u1ebfn \u0111\u1ea7u t\u01b0, t\u1eeb g\u00f3c \u0111\u1ed9 c\u1ee7a doanh nghi\u1ec7p, kh\u00f4ng g\u00ec kh\u00e1c ngo\u00e0i vi\u1ec7c x\u00e1c \u0111\u1ecbnh r\u1eb1ng &#8220;s\u1ed1 ti\u1ec1n n\u00e0y kh\u00f4ng ph\u1ea3i l\u00e0 ti\u1ec1n \u0111\u1eb7t c\u1ecdc hay ti\u1ec1n vay, m\u00e0 l\u00e0 ti\u1ec1n \u0111\u00e3 \u0111\u01b0\u1ee3c chuy\u1ec3n nh\u01b0 m\u1ed9t \u0111\u1ea7u t\u01b0 v\u00e0 l\u00e0 v\u1ed1n&#8221;.<\/p>\n\n\n\n<p>\u0110\u1eb7c bi\u1ec7t, \u0111\u1ed1i v\u1edbi c\u00e1c doanh nghi\u1ec7p kh\u1edfi nghi\u1ec7p \u1edf giai \u0111o\u1ea1n seed, khi nh\u1eadn \u0111\u01b0\u1ee3c chuy\u1ec3n kho\u1ea3n t\u1eeb nh\u00e0 \u0111\u1ea7u t\u01b0, h\u1ecd s\u1ebd nhanh ch\u00f3ng s\u1eed d\u1ee5ng s\u1ed1 ti\u1ec1n \u0111\u00f3 \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o kinh doanh. Do \u0111\u00f3, ngay c\u1ea3 khi h\u1ecd \u0111\u01b0\u1ee3c y\u00eau c\u1ea7u ho\u00e0n tr\u1ea3 sau c\u00f9ng, s\u1ed1 ti\u1ec1n \u0111\u00f3 c\u00f3 th\u1ec3 kh\u00f4ng c\u00f2n trong t\u00e0i kho\u1ea3n. \u0110i\u1ec1u n\u00e0y l\u00e0m cho t\u00ecnh hu\u1ed1ng tr\u00ean c\u00e0ng b\u1ea5t l\u1ee3i h\u01a1n \u0111\u1ed1i v\u1edbi doanh nghi\u1ec7p. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3:<\/p>\n\n\n\n<ul>\n<li>Y\u00eau c\u1ea7u ho\u00e0n tr\u1ea3 n\u1ebfu h\u1ecd ngh\u0129 r\u1eb1ng \u0111\u1ea7u t\u01b0 \u0111\u00f3 th\u1ea5t b\u1ea1i<\/li>\n\n\n\n<li>Y\u00eau c\u1ea7u k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 n\u1ebfu h\u1ecd ngh\u0129 r\u1eb1ng \u0111\u1ea7u t\u01b0 \u0111\u00f3 th\u00e0nh c\u00f4ng. Tuy nhi\u00ean, v\u00ec kh\u00f4ng c\u00f2n ti\u1ec1n trong t\u00e0i kho\u1ea3n c\u1ee7a doanh nghi\u1ec7p, h\u1ecd kh\u00f4ng c\u00f2n l\u1ef1a ch\u1ecdn &#8220;t\u1eeb ch\u1ed1i k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng v\u00ec \u0111i\u1ec1u ki\u1ec7n h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 kh\u00f4ng thu\u1eadn l\u1ee3i&#8221;. Ngay c\u1ea3 khi \u0111i\u1ec1u ki\u1ec7n kh\u00f4ng thu\u1eadn l\u1ee3i, doanh nghi\u1ec7p ph\u1ea3i \u0111\u1ed3ng \u00fd k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng. Nh\u01b0 m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0, h\u1ecd c\u00f3 th\u1ec3 &#8220;\u00e9p&#8221; \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho h\u1ecd<\/li>\n<\/ul>\n\n\n\n<p>\u0110\u00f3 l\u00e0 l\u00fd do t\u1ea1i sao h\u1ecd c\u00f3 nh\u1eefng l\u1ef1a ch\u1ecdn nh\u01b0 v\u1eady.<\/p>\n\n\n\n<p>T\u1eeb g\u00f3c \u0111\u1ed9 c\u1ee7a doanh nghi\u1ec7p, t\u00ecnh tr\u1ea1ng &#8220;nh\u1eadn \u0111\u1ea7u t\u01b0 nh\u01b0ng kh\u00f4ng c\u00f3 h\u1ee3p \u0111\u1ed3ng&#8221; l\u00e0 r\u1ea5t b\u1ea5t l\u1ee3i.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hop_dong_dau_tu_va_hop_dong_mua_toan_bo_so_co_phieu\"><\/span>H\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 v\u00e0 h\u1ee3p \u0111\u1ed3ng mua to\u00e0n b\u1ed9 s\u1ed1 c\u1ed5 phi\u1ebfu<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Tuy nhi\u00ean, &#8220;nh\u1eadn \u0111\u1ea7u t\u01b0 t\u1eeb nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u01b0ng cu\u1ed1i c\u00f9ng kh\u00f4ng c\u00f3 h\u1ee3p \u0111\u1ed3ng n\u00e0o li\u00ean quan \u0111\u1ebfn \u0111\u1ea7u t\u01b0&#8221; l\u00e0 \u0111i\u1ec1u kh\u00f4ng th\u1ec3 x\u1ea3y ra.<\/p>\n\n\n\n<p>Khi doanh nghi\u1ec7p ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu m\u1edbi, h\u1ecd ph\u1ea3i \u0111\u0103ng k\u00fd thay \u0111\u1ed5i t\u1ea1i n\u01a1i \u0111\u1eb7t tr\u1ee5 s\u1edf ch\u00ednh c\u1ee7a h\u1ecd trong v\u00f2ng hai tu\u1ea7n k\u1ec3 t\u1eeb khi hi\u1ec7u l\u1ef1c ph\u00e1t sinh (\u0110i\u1ec1u 915, \u0110i\u1ec1u 1, Lu\u1eadt C\u00f4ng ty Nh\u1eadt B\u1ea3n, \u0110i\u1ec1u 911, \u0110i\u1ec1u 3 c\u1ee7a c\u00f9ng m\u1ed9t lu\u1eadt), v\u00e0 khi n\u1ed9p \u0111\u01a1n \u0111\u0103ng k\u00fd, h\u1ecd ph\u1ea3i \u0111\u00ednh k\u00e8m &#8220;H\u1ee3p \u0111\u1ed3ng mua to\u00e0n b\u1ed9 s\u1ed1 c\u1ed5 phi\u1ebfu&#8221;, v\u00ec v\u1eady vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 v\u00e0 l\u00e0m r\u00f5 n\u1ed9i dung \u0111\u1ea7u t\u01b0 l\u00e0 c\u1ea7n thi\u1ebft.<\/p>\n\n\n\n<p>Tuy nhi\u00ean, th\u1ef1c t\u1ebf, nhi\u1ec1u tr\u01b0\u1eddng h\u1ee3p t\u1ea1o ra &#8220;H\u1ee3p \u0111\u1ed3ng mua to\u00e0n b\u1ed9 s\u1ed1 c\u1ed5 phi\u1ebfu&#8221; sau khi th\u1ef1c hi\u1ec7n \u0111\u1ea7u t\u01b0, ch\u1ee9 kh\u00f4ng ph\u1ea3i tr\u01b0\u1edbc khi th\u1ef1c hi\u1ec7n \u0111\u1ea7u t\u01b0, \u0111\u1ec3 \u0111\u0103ng k\u00fd. Do \u0111\u00f3, cu\u1ed1i c\u00f9ng, quy tr\u00ecnh s\u1ebd l\u00e0:<\/p>\n\n\n\n<ol>\n<li>K\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0<\/li>\n\n\n\n<li>Chuy\u1ec3n ti\u1ec1n<\/li>\n\n\n\n<li>K\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng mua to\u00e0n b\u1ed9 s\u1ed1 c\u1ed5 phi\u1ebfu<\/li>\n<\/ol>\n\n\n\n<p>V\u00e0 c\u00f3 m\u1ed9t kho\u1ea3ng th\u1eddi gian tr\u1ed1ng gi\u1eefa 2 v\u00e0 3, khi &#8220;ti\u1ec1n \u0111\u00e3 \u0111\u01b0\u1ee3c chuy\u1ec3n nh\u01b0ng kh\u00f4ng c\u00f3 h\u1ee3p \u0111\u1ed3ng&#8221;.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Su_can_thiet_cua_viec_ky_ket_hop_dong_dau_tu\"><\/span>S\u1ef1 c\u1ea7n thi\u1ebft c\u1ee7a vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>V\u00ec c\u00f3 nh\u1eefng l\u00fd do nh\u01b0 tr\u00ean, c\u00f3 th\u1ec3 n\u00f3i r\u1eb1ng vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 l\u00e0 r\u1ea5t c\u1ea7n thi\u1ebft. Trong tr\u01b0\u1eddng h\u1ee3p VC l\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0, t\u00ecnh hu\u1ed1ng kh\u00f4ng k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 l\u00e0 hi\u1ebfm, nh\u01b0ng trong tr\u01b0\u1eddng h\u1ee3p c\u00f3 m\u1ed1i quan h\u1ec7 g\u1ea7n g\u0169i v\u1edbi ng\u01b0\u1eddi quen, c\u00f3 th\u1ec3 x\u1ea3y ra t\u00ecnh hu\u1ed1ng m\u01a1 h\u1ed3 v\u1ec1 vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0.<\/p>\n\n\n\n<p>Tuy nhi\u00ean, ngay c\u1ea3 khi c\u00f3 m\u1ed1i quan h\u1ec7 c\u00e1 nh\u00e2n, c\u0169ng c\u00f3 th\u1ec3 x\u1ea3y ra t\u00ecnh hu\u1ed1ng m\u1ed1i quan h\u1ec7 \u0111\u00f3 b\u1ecb \u0111\u1ed5 v\u1ee1, v\u00ec v\u1eady h\u00e3y lu\u00f4n k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 d\u00f9 trong b\u1ea5t k\u1ef3 tr\u01b0\u1eddng h\u1ee3p n\u00e0o.<\/p>\n\n\n\n<p>B\u00e0i vi\u1ebft li\u00ean quan: <a href=\"https:\/\/Monolith.law\/corporate\/seedround-conclusion-investment-contract\" target=\"_blank\" rel=\"noreferrer noopener\">S\u1ef1 c\u1ea7n thi\u1ebft c\u1ee7a vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 trong v\u00f2ng Seed[ja]<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tom_tat\"><\/span>T\u00f3m t\u1eaft<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Ch\u00fang t\u00f4i \u0111\u00e3 gi\u1ea3i th\u00edch v\u1ec1 t\u1ea7m quan tr\u1ecdng v\u00e0 s\u1ef1 c\u1ea7n thi\u1ebft c\u1ee7a vi\u1ec7c k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0. \u0110\u1ea7u t\u01b0 li\u00ean quan \u0111\u1ebfn vi\u1ec7c di chuy\u1ec3n m\u1ed9t s\u1ed1 ti\u1ec1n kh\u00f4ng nh\u1ecf, do \u0111\u00f3, vi\u1ec7c xem x\u00e9t k\u1ef9 l\u01b0\u1ee1ng n\u1ed9i dung h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 v\u00e0 k\u00fd k\u1ebft h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 l\u00e0 c\u1ea7n thi\u1ebft. H\u01a1n n\u1eefa, h\u1ee3p \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 kh\u00f4ng ph\u1ea3i l\u00e0 h\u1ee3p \u0111\u1ed3ng \u0111\u01a1n gi\u1ea3n nh\u01b0 h\u1ee3p \u0111\u1ed3ng mua b\u00e1n hay h\u1ee3p \u0111\u1ed3ng thu\u00ea m\u01b0\u1ee3n, v\u00ec v\u1eady, h\u00e3y nh\u1ea5t \u0111\u1ecbnh nh\u1edd lu\u1eadt s\u01b0 chuy\u00ean m\u00f4n so\u1ea1n th\u1ea3o ho\u1eb7c nh\u1eadn ki\u1ec3m tra ph\u00e1p l\u00fd t\u1eeb lu\u1eadt s\u01b0.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Khi c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p nh\u1eadn \u0111\u1ea7u t\u01b0, c\u00f3 th\u1ec3 h\u1ecd s\u1ebd nh\u1eadn \u0111\u1ea7u t\u01b0 t\u1eeb ng\u01b0\u1eddi quen ho\u1eb7c nh\u1eefng ng\u01b0\u1eddi \u0111\u1ea7u t\u01b0 thi\u00ean th\u1ea7n m\u00e0 ng\u01b0\u1eddi ta th\u01b0\u1eddng n\u00f3i, ho\u1eb7c c\u0169ng c\u00f3 th\u1ec3 h\u1ecd s\u1ebd nh\u1eadn \u0111\u1ea7u t\u01b0 t\u1eeb Qu\u1ef9 \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m (VC [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":60419,"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\/vi\/wp-json\/wp\/v2\/posts\/59869"}],"collection":[{"href":"https:\/\/monolith.law\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/vi\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/vi\/wp-json\/wp\/v2\/comments?post=59869"}],"version-history":[{"count":2,"href":"https:\/\/monolith.law\/vi\/wp-json\/wp\/v2\/posts\/59869\/revisions"}],"predecessor-version":[{"id":60421,"href":"https:\/\/monolith.law\/vi\/wp-json\/wp\/v2\/posts\/59869\/revisions\/60421"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/vi\/wp-json\/wp\/v2\/media\/60419"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/vi\/wp-json\/wp\/v2\/media?parent=59869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/vi\/wp-json\/wp\/v2\/categories?post=59869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/vi\/wp-json\/wp\/v2\/tags?post=59869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}