open-agreements 0.1.1 → 0.2.1

package/{recipes → content/recipes}/nvca-indemnification-agreement/metadata.yaml

@@ -1,83 +1,79 @@
 name: NVCA Model Indemnification Agreement
 description: >-
-  Director and officer indemnification agreement for venture-backed companies,
-  providing indemnification and advancement of expenses.
+  Director and officer indemnification agreement for venture-backed companies, providing indemnification and advancement
+  of expenses.
 source_url: https://nvca.org/wp-content/uploads/2021/12/NVCA-2020-Indemnification-Agreement.docx
-source_version: "2020"
+source_version: '2020'
 license_note: >-
-  NVCA model documents are freely downloadable but not redistributable.
-  This recipe contains only transformation instructions, not the source document.
+  NVCA model documents are freely downloadable but not redistributable. This recipe contains only transformation
+  instructions, not the source document.
 source_sha256: f9b61b4d99e245573de41d9469925b4332f871ec0e6ac6593055cdfe17825300
 optional: false
 fields:
   - name: indemnitee_name
     type: string
     description: Full legal name of the indemnitee (director or officer)
-    required: true
   - name: indemnitee_address
     type: string
     description: Address of the indemnitee
-    required: true
   - name: company_name
     type: string
     description: Name of the corporation providing indemnification
-    required: true
   - name: fund_sponsor_name
     type: string
     description: Name of the sponsoring fund or entity appointing the indemnitee
-    required: false
   - name: indemnitee_role
     type: string
     description: Primary role being indemnified (e.g. director)
-    required: true
     default: director
   - name: indemnitee_role_plural
     type: string
     description: Plural form of the primary role (e.g. directors)
-    required: true
     default: directors
   - name: indemnitee_role_secondary
     type: string
     description: Secondary role being indemnified (e.g. officer)
-    required: false
     default: officer
   - name: indemnitee_role_secondary_plural
     type: string
     description: Plural form of the secondary role (e.g. officers)
-    required: false
     default: officers
   - name: indemnitee_pronoun_possessive
     type: string
     description: Possessive pronoun for the indemnitee entity (e.g. its)
-    required: true
     default: its
   - name: indemnitee_pronoun_possessive_plural
     type: string
     description: Plural possessive pronoun for the indemnitee (e.g. their)
-    required: true
     default: their
   - name: bylaws_name
     type: string
     description: Name of the company's bylaws document
-    required: true
     default: Bylaws
   - name: certificate_name
     type: string
     description: Name of the company's certificate of incorporation
-    required: true
     default: Certificate of Incorporation
   - name: and_appointing_stockholder
     type: string
     description: Optional additional party text or empty string
-    required: false
-    default: ""
+    default: ''
   - name: indemnification_section_letter
     type: string
     description: Section reference letter for indemnification provisions in the certificate
-    required: true
     default: E
   - name: signature_page_marker
     type: string
     description: Signature page marker text
-    required: false
     default: Signature Page Follows
+required_fields:
+  - indemnitee_name
+  - indemnitee_address
+  - company_name
+  - indemnitee_role
+  - indemnitee_role_plural
+  - indemnitee_pronoun_possessive
+  - indemnitee_pronoun_possessive_plural
+  - bylaws_name
+  - certificate_name
+  - indemnification_section_letter

package/{recipes → content/recipes}/nvca-investors-rights-agreement/metadata.yaml

@@ -1,75 +1,71 @@
 name: NVCA Model Investors' Rights Agreement
 description: >-
-  Investors' rights agreement for venture financings, covering registration rights,
-  information rights, board observer rights, and protective provisions.
+  Investors' rights agreement for venture financings, covering registration rights, information rights, board observer
+  rights, and protective provisions.
 source_url: https://nvca.org/wp-content/uploads/2025/10/NVCA-Model-IRA-10-1-2025-2-1.docx
-source_version: "10-1-2025"
+source_version: 10-1-2025
 license_note: >-
-  NVCA model documents are freely downloadable but not redistributable.
-  This recipe contains only transformation instructions, not the source document.
+  NVCA model documents are freely downloadable but not redistributable. This recipe contains only transformation
+  instructions, not the source document.
 source_sha256: be8ad13f171a343bdb53716b1d318689ae3477cdf7f1986b2e3985e1cabbd08a
 optional: false
 fields:
   - name: company_name
     type: string
     description: Full legal name of the company (e.g. Acme Corp, Inc.)
-    required: true
   - name: company_name_short
     type: string
     description: Short name of the company used in running text (e.g. Acme or the Company)
-    required: true
   - name: investor_name
     type: string
     description: Full legal name of the lead investor
-    required: true
   - name: company_counsel
     type: string
     description: Name and address of company's legal counsel
-    required: true
   - name: counsel_cc
     type: string
     description: Additional counsel to CC on notices, or empty string if none
-    required: false
-    default: ""
+    default: ''
   - name: state_of_incorporation
     type: string
     description: State of incorporation (e.g. Delaware)
-    required: true
     default: Delaware
   - name: state_lower
     type: string
     description: State of incorporation in lowercase (e.g. delaware)
-    required: true
     default: delaware
   - name: judicial_district
     type: string
     description: Federal judicial district for dispute resolution (e.g. District of Delaware)
-    required: true
     default: District of Delaware
   - name: amended_restated_upper
     type: string
     description: Uppercase prefix if amending a prior agreement (e.g. AMENDED AND RESTATED) or empty string
-    required: false
-    default: ""
+    default: ''
   - name: amended_restated
     type: string
     description: Title-case prefix if amending a prior agreement (e.g. Amended and Restated) or empty string
-    required: false
-    default: ""
+    default: ''
   - name: business_description
     type: string
     description: Brief description of the company's business
-    required: true
   - name: signature_page_marker
     type: string
     description: Signature page marker text
-    required: false
     default: Signature Page Follows
   - name: effective_date
     type: string
     description: Effective date of the agreement (e.g. January 15, 2025)
-    required: true
   - name: checklist_delivery_date
     type: string
     description: Date the compliance checklist is being delivered
-    required: false
+required_fields:
+  - company_name
+  - company_name_short
+  - investor_name
+  - company_counsel
+  - state_of_incorporation
+  - state_lower
+  - judicial_district
+  - business_description
+  - effective_date

package/{recipes → content/recipes}/nvca-management-rights-letter/metadata.yaml

@@ -1,50 +1,47 @@
 name: NVCA Model Management Rights Letter
-description: >-
-  Management rights letter granting ERISA-qualifying management rights to
-  venture capital fund investors.
+description: Management rights letter granting ERISA-qualifying management rights to venture capital fund investors.
 source_url: https://nvca.org/wp-content/uploads/2025/12/NVCA-2020-Management-Rights-Letter-1-1.docx
-source_version: "2020"
+source_version: '2020'
 license_note: >-
-  NVCA model documents are freely downloadable but not redistributable.
-  This recipe contains only transformation instructions, not the source document.
+  NVCA model documents are freely downloadable but not redistributable. This recipe contains only transformation
+  instructions, not the source document.
 source_sha256: 9661d2a68ca20ee77cf553f1ec5804f08147e7e4c35f5a03938e76a778083e8b
 optional: false
 fields:
   - name: company_name_upper
     type: string
     description: Company name in uppercase
-    required: true
   - name: investor_name
     type: string
     description: Full name of the investor
-    required: true
   - name: investor_name_upper
     type: string
     description: Investor name in uppercase
-    required: true
   - name: city
     type: string
     description: City for the company address
-    required: true
   - name: state
     type: string
     description: State for the company address
-    required: true
   - name: street_address
     type: string
     description: Street address for the company
-    required: true
   - name: zip_code
     type: string
     description: ZIP code for the company address
-    required: true
   - name: company_letterhead
     type: string
     description: Portfolio company letterhead text
-    required: false
-    default: ""
+    default: ''
   - name: signature_page_marker
     type: string
     description: Signature page marker text
-    required: false
     default: Signature Page Follows
+required_fields:
+  - company_name_upper
+  - investor_name
+  - investor_name_upper
+  - city
+  - state
+  - street_address
+  - zip_code

package/{recipes → content/recipes}/nvca-rofr-co-sale-agreement/metadata.yaml

@@ -1,80 +1,76 @@
 name: NVCA Model Right of First Refusal and Co-Sale Agreement
 description: >-
-  Right of first refusal and co-sale agreement for venture financings,
-  restricting transfer of founder shares and providing investor co-sale rights.
+  Right of first refusal and co-sale agreement for venture financings, restricting transfer of founder shares and
+  providing investor co-sale rights.
 source_url: https://nvca.org/wp-content/uploads/2025/10/NVCA-Model-ROFRA-10-1-2025.docx
-source_version: "10-1-2025"
+source_version: 10-1-2025
 license_note: >-
-  NVCA model documents are freely downloadable but not redistributable.
-  This recipe contains only transformation instructions, not the source document.
+  NVCA model documents are freely downloadable but not redistributable. This recipe contains only transformation
+  instructions, not the source document.
 source_sha256: 126b4a402d41b768ff0c9aebf593792159c31ca7a930c440dd5ae0516ef4c4ad
 optional: false
 fields:
   - name: company_name
     type: string
     description: Full legal name of the company (e.g. Acme Corp, Inc.)
-    required: true
   - name: investor_name
     type: string
     description: Full legal name of the lead investor
-    required: true
   - name: key_holder_name
     type: string
     description: Full name of the key holder (founder or executive)
-    required: true
   - name: company_counsel
     type: string
     description: Name and address of company's legal counsel
-    required: true
   - name: counsel_cc
     type: string
     description: Additional counsel to CC on notices, or empty string if none
-    required: false
-    default: ""
+    default: ''
   - name: amended_restated_upper
     type: string
     description: Uppercase prefix if amending a prior agreement (e.g. AMENDED AND RESTATED) or empty string
-    required: false
-    default: ""
+    default: ''
   - name: amended_restated
     type: string
     description: Title-case prefix if amending a prior agreement (e.g. Amended and Restated) or empty string
-    required: false
-    default: ""
+    default: ''
   - name: judicial_district
     type: string
     description: Federal judicial district for dispute resolution (e.g. District of Delaware)
-    required: true
     default: District of Delaware
   - name: state_lower
     type: string
     description: State of incorporation in lowercase (e.g. delaware)
-    required: true
     default: delaware
   - name: business_description
     type: string
     description: Brief description of the company's business
-    required: true
   - name: signature_page_marker
     type: string
     description: Signature page marker text
-    required: false
     default: Signature Page Follows
   - name: effective_date
     type: string
     description: Effective date of the agreement (e.g. January 15, 2025)
-    required: true
   - name: specify_percentage
     type: string
     description: Specified percentage threshold for key holder transfers
-    required: true
   - name: rofr_response_days
     type: string
     description: Number of days for the company and investors to respond to a ROFR notice (default 45)
-    required: true
-    default: "45"
+    default: '45'
   - name: key_holders_label
     type: string
     description: Label for the key holders group (e.g. Key Holders or Founders)
-    required: false
     default: Key Holders
+required_fields:
+  - company_name
+  - investor_name
+  - key_holder_name
+  - company_counsel
+  - judicial_district
+  - state_lower
+  - business_description
+  - effective_date
+  - specify_percentage
+  - rofr_response_days

package/content/recipes/nvca-stock-purchase-agreement/clean.json

@@ -0,0 +1,13 @@
+{
+  "removeFootnotes": true,
+  "removeParagraphPatterns": [
+    "^This sample document is the work product of a national coalition of attorneys",
+    "^For those who will redline this against prior NVCA versions",
+    "^The Stock Purchase Agreement sets forth the basic terms of the purchase and sale of the preferred stock",
+    "^Note to Drafter:",
+    "^Preliminary Note\\b",
+    "^Alternative 1:",
+    "^Alternative 2:",
+    "^\\[Alternative"
+  ]
+}

package/content/recipes/nvca-stock-purchase-agreement/computed.json

@@ -0,0 +1,103 @@
+{
+  "version": "1.0",
+  "max_passes": 4,
+  "rules": [
+    {
+      "id": "derive-dispute-resolution-track-arbitration",
+      "description": "Alternative 1 in the SPA uses arbitration.",
+      "when_all": [
+        { "field": "dispute_resolution_mode", "op": "eq", "value": "arbitration" }
+      ],
+      "set_audit": {
+        "dispute_resolution_track": "arbitration",
+        "forum_governing_law_alignment": "n/a-arbitration"
+      }
+    },
+    {
+      "id": "derive-dispute-resolution-track-courts",
+      "description": "Alternative 2 in the SPA uses state/federal courts.",
+      "when_all": [
+        { "field": "dispute_resolution_mode", "op": "eq", "value": "courts" }
+      ],
+      "set_audit": {
+        "dispute_resolution_track": "courts"
+      }
+    },
+    {
+      "id": "derive-arbitration-location-default",
+      "description": "Alternative 1 contains a [location] placeholder for arbitration venue.",
+      "when_all": [
+        { "field": "dispute_resolution_track", "op": "eq", "value": "arbitration" },
+        { "field": "arbitration_location", "op": "falsy" }
+      ],
+      "set_fill": {
+        "arbitration_location": "San Francisco, California"
+      }
+    },
+    {
+      "id": "derive-judicial-district-default-california",
+      "description": "Alternative 2 courts path: derive district if omitted.",
+      "when_all": [
+        { "field": "dispute_resolution_track", "op": "eq", "value": "courts" },
+        { "field": "state_lower", "op": "eq", "value": "california" },
+        { "field": "judicial_district", "op": "falsy" }
+      ],
+      "set_fill": {
+        "judicial_district": "Northern District of California"
+      }
+    },
+    {
+      "id": "derive-judicial-district-default-new-york",
+      "description": "Alternative 2 courts path: derive district if omitted.",
+      "when_all": [
+        { "field": "dispute_resolution_track", "op": "eq", "value": "courts" },
+        { "field": "state_lower", "op": "eq", "value": "new york" },
+        { "field": "judicial_district", "op": "falsy" }
+      ],
+      "set_fill": {
+        "judicial_district": "Southern District of New York"
+      }
+    },
+    {
+      "id": "derive-judicial-district-default-delaware",
+      "description": "Alternative 2 courts path: derive district if omitted.",
+      "when_all": [
+        { "field": "dispute_resolution_track", "op": "eq", "value": "courts" },
+        { "field": "state_lower", "op": "eq", "value": "delaware" },
+        { "field": "judicial_district", "op": "falsy" }
+      ],
+      "set_fill": {
+        "judicial_district": "District of Delaware"
+      }
+    },
+    {
+      "id": "derive-governing-law-baseline",
+      "description": "NVCA SPA governing law clause is fixed to Delaware.",
+      "set_audit": {
+        "governing_law_state": "delaware"
+      }
+    },
+    {
+      "id": "derive-forum-governing-alignment",
+      "description": "Forum aligns with governing law when courts mode also uses Delaware.",
+      "when_all": [
+        { "field": "dispute_resolution_track", "op": "eq", "value": "courts" },
+        { "field": "state_lower", "op": "eq", "value": "delaware" }
+      ],
+      "set_audit": {
+        "forum_governing_law_alignment": "aligned"
+      }
+    },
+    {
+      "id": "derive-forum-governing-mismatch",
+      "description": "Forum diverges from governing law when non-Delaware courts are selected.",
+      "when_all": [
+        { "field": "dispute_resolution_track", "op": "eq", "value": "courts" },
+        { "field": "state_lower", "op": "neq", "value": "delaware" }
+      ],
+      "set_audit": {
+        "forum_governing_law_alignment": "mismatch"
+      }
+    }
+  ]
+}

package/content/recipes/nvca-stock-purchase-agreement/metadata.yaml

@@ -0,0 +1,138 @@
+name: NVCA Model Stock Purchase Agreement
+description: >-
+  Series preferred stock purchase agreement for venture capital financings, covering purchase terms, representations,
+  and closing conditions.
+source_url: https://nvca.org/wp-content/uploads/2025/10/NVCA-Model-SPA-10-28-2025-1.docx
+source_version: 10-28-2025
+license_note: >-
+  NVCA model documents are freely downloadable but not redistributable. This recipe contains only transformation
+  instructions, not the source document.
+source_sha256: b2c76452fa82dcda72f1fa9f82ba0ce28ea9445441c897f9cb7ac6663930dcab
+optional: false
+fields:
+  - name: company_name
+    type: string
+    description: Full legal name of the company
+  - name: investor_name
+    type: string
+    description: Full name of the investor
+  - name: company_counsel
+    type: string
+    description: Company counsel name and address
+  - name: investor_counsel
+    type: string
+    description: Investor counsel name and address
+  - name: company_counsel_name
+    type: string
+    description: Name of the company's counsel
+  - name: lead_purchaser_name
+    type: string
+    description: Name of the lead purchaser
+  - name: series_designation
+    type: string
+    description: Series designation shown in the agreement title and share definitions
+    default: A
+  - name: agreement_date_month_day
+    type: string
+    description: Month/day portion of the agreement date in the opening paragraph
+    default: January 15
+  - name: agreement_year_two_digits
+    type: string
+    description: Two-digit year suffix used in opening date format 20[__]
+    default: "26"
+  - name: par_value_per_share
+    type: string
+    description: Par value per share inserted in the opening purchase clause
+    default: "0.0001"
+  - name: purchase_price_per_share
+    type: string
+    description: Purchase price per share inserted in the opening purchase clause
+    default: "1.00"
+  - name: applicable_word
+    type: string
+    description: Optional word inserted before Closing in bracketed templates
+    default: ""
+  - name: optional_closing_reference
+    type: string
+    description: Optional bracket fragment after Exhibit A in opening purchase clause
+    default: ""
+  - name: optional_clause_text
+    type: string
+    description: Optional alternate purchase-price clause text for conversion scenarios
+    default: ""
+  - name: optional_plural_suffix
+    type: string
+    description: Optional plural suffix used in bracketed labels like Closing[s]
+    default: ""
+  - name: closing_heading
+    type: string
+    description: Heading text used for single-closing default
+    default: Initial Closing.
+  - name: initial_word_lower
+    type: string
+    description: Lowercase word used for single-closing phrasing
+    default: initial
+  - name: initial_word_title
+    type: string
+    description: Titlecase word used for single-closing phrasing
+    default: Initial
+  - name: dispute_resolution_mode
+    type: enum
+    description: Dispute resolution alternative in SPA (Alternative 1 arbitration or Alternative 2 courts)
+    options:
+      - arbitration
+      - courts
+    default: courts
+  - name: arbitration_location
+    type: string
+    description: Arbitration venue for Dispute Resolution Alternative 1
+  - name: judicial_district
+    type: string
+    description: Federal judicial district for disputes
+  - name: balance_sheet_date
+    type: string
+    description: Date of the company's most recent balance sheet
+  - name: benefit_plan_name
+    type: string
+    description: Plan year and name of the employee benefit plan
+  - name: signature_page_marker
+    type: string
+    description: Signature page marker text
+    default: Signature Page Follows
+  - name: state_lower
+    type: string
+    description: State name (lowercase)
+  - name: specify_percentage
+    type: string
+    description: Specified percentage threshold
+  - name: financial_reporting_period
+    type: string
+    description: Financial reporting period (e.g., monthly, quarterly)
+    default: monthly
+  - name: director_names
+    type: string
+    description: List of individual director names
+  - name: board_size
+    type: string
+    description: Authorized number of board seats at the Initial Closing
+  - name: minimum_shares_initial_closing
+    type: string
+    description: Minimum number of shares required to be sold at the Initial Closing
+  - name: applicable_purchasers
+    type: string
+    description: Names of the applicable purchasers
+required_fields:
+  - company_name
+  - investor_name
+  - company_counsel
+  - investor_counsel
+  - company_counsel_name
+  - lead_purchaser_name
+  - judicial_district
+  - balance_sheet_date
+  - state_lower
+  - specify_percentage
+  - financial_reporting_period
+  - director_names
+  - board_size
+  - minimum_shares_initial_closing