Term sheet clause 15 of 25 · Investor rights
Registration rights in a term sheet
In plain English: Rights related to an IPO (mostly relevant later). Typical: Standard boilerplate.
Founder-friendly
Standard.
Investor-friendly
Standard.
What to watch for
Red flag
Rarely a negotiation point at seed.
How to model it
This clause doesn't change the maths of your round, but it changes how you run the company. Discuss it with your lawyer and keep it in mind when you compare offers.
Not legal advice. Norms vary by country and market cycle. Have a startup lawyer review your term sheet before you sign.