Facilitator Guide

Investor Rights Agreements

Facilitator Guide

Investor Rights Agreements

Topic: Venture Financing
Duration: 1 hr
Format: Remote or in person

What’s covered

Investor rights agreement
Registration rights
Information rights
Rights of first offer
Additional covenants and miscellaneous provisions

Before the session

Prepare the Attendees

Send the attendees an invitation for the session. Include this link, which has the videos and exercise they’ll need to prepare.

https://www.hotshotlegal.com/trainings/investor-rights-agreements/attendee

Prepare Yourself

Watch the videos and read the exercise so you’re familiar with the Hotshot material.

Course

Investor Rights Agreements

A walkthrough of a typical Investor Rights Agreement, including explanations of its main provisions.
Exercise
PDF

During the session

Part 1: Knowledge Check

Ask attendees these questions to ensure they understand the topic:

What are the three main rights contained in the investor rights agreement?
What are registration rights and describe some common types?
Do registration rights ever expire?
Why do investors ask for information rights?
What are some common information rights?
Who is the right of first offer typically given to?
How long are investors typically required to keep shares following an IPO?

Part 2: Group Exercise

Lead a group discussion based on the exercise. To encourage collaboration, divide the attendees into groups to discuss the exercise, then have a representative from each group summarize their views to the larger group. Call on people to share their thoughts and ask others to respond.

Tip for remote sessions: use your web conferencing system’s breakout room feature to divide people into groups.

Part 3: War Stories and Firm Specifics

Share your own experiences and guidance, including:

Anecdotes and war stories (e.g., about a near-disaster or a tough negotiation)
General practice tips (dos and don’ts)
Firm-specific guidance and practices

After the session

To continue their learning, attendees can check out related courses in Hotshot’s Venture Financing topic.

About Hotshot

Hotshot helps lawyers develop their legal, business, and technology skills through short videos, quizzes, and summaries, and we help law firms and law schools plan and deliver engaging training programs. Our customers include Am Law 200 firms, top law schools, and regional and international firms.