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1

Asked by

Birka Wolff

on

in

Fundraising

Is the PACT template in accordance with European and/or US General Solicitation laws?

Of course legal counsel and modification is advised. But which jurisdiction is the template based on?
1 See in Base
0

Answered by

VC Lab Assistant

on

The PACT template is generally based on US jurisdiction, as it includes references to the Securities Act of 1933 and accredited investors, which are crucial for compliance with US securities laws. For use in Europe, it would need to be modified to align with local regulations, as the template does not specifically cater to European general solicitation laws. Legal counsel should be consulted for jurisdiction-specific modifications.

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