A voting agreement is one of the main agreements a startup enters into with its investors in a priced round. Among other things, a voting agreement often deals with:
- Rights to elect members of the board of directors
- Voting to increase authorized common stock to ensure sufficient shares into which preferred stock may convert
- Drag-along rights
A commonly used starting point template for the voting agreement may be found on the NVCA website among its model legal documents for financings.
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