model documents

overview

Startup Estonia and Estonian Private Equity and Venture Capital Association (EstVCA) promote industry-standard legal documents in Estonia so startups and investors can focus on company and deal-specific matters. These documents are made freely available in the hope that they will help to educate the Estonian start-up community, speed up the foundation, team-building and early stage investment process, and lower the legal costs.

These documents should be seen as a starting point only and should be tailored to meet specific circumstances because no two companies or investments are the same.

These versions of the documents were published in September 2026. Previous versions were published in June 2023.

The documents have been drafted by Estonian law firms Ellex Raidla, Cobalt, Triniti, Sorainen, PwC Legal, TGS Baltic and Eversheds Sutherland, with support from law firms Njord and Walless.

General comments and questions on the documents may be sent to Antti Perli who led the working group preparing the documents.

Neither Startup Estonia, EstVCA nor any law firm or attorney participating in the preparation of these documents takes any responsibility for the content of the documents or the consequences of using them and none of the documents should be construed as legal advice for any particular facts or circumstances.

download model documents

Founders’ agreement governs the founders’ relations vis-a-vis each other and the company. It is one...

The Articles of Association regulate, among others, the matters that require prior approval by the...

The Articles of Association supplement the Founder’s Agreement and should be used only together with...

The Comprehensive IP Assignment and License Agreement is an agreement by which a person –...

The Simple IP Assignment and License Agreement is an agreement by which a private individual...

The aim of a non-disclosure agreement, or NDA, is to protect the company’s sensitive information...

The aim of a non-disclosure agreement, or NDA, is to protect the company’s sensitive information...

This template of an employment agreement is intended for use by employees in Estonia. Some...

This agreement regulates the company’s relationship with its advisor who is a private individual. This...

This agreement regulates the company’s relationship with its management board member in his capacity as...

This template of an option agreement is intended for use to grant options to company’s...

This agreement is to be used to secure necessary shareholders’ approval for a convertible or...

This is a modified version of Postmoney SAFE Valuation Cap v.1.2 distributed by Y-Combinator and...

This is a modified version of Postmoney SAFE Discount Only v.1.2 distributed by Y-Combinator and...

This is a sample capitalisation table that can be used to plan and model simple...

This is a sample capitalisation table that an early-stage startup can use to plan and...

This checklist template serves as an example list of information that early stage investors normally...

This document includes two alternative forms of consent to be used in equity investment transactions...

This term sheet is to be used to summarize the main terms of a seed...

This agreement is to be used for a seed stage financing round that is proposed...

This agreement is to be used for a seed stage financing round that is proposed...

This term sheet is to be used to summarize the main terms of a seed...

This agreement is to be used for an early stage financing round that is proposed...

This agreement is to be used for an early stage financing round that is proposed...

This agreement is to be used for an early stage financing round that is proposed...

This document supplements Shareholders’ Agreement with Supervisory Board and should be used only together with...

This document supplements Shareholders’ Agreement without Supervisory Board and should be used only together with...

This document supplements Shareholders’ Agreement with Supervisory Board and should be used only together with...

This document supplements Shareholders’ Agreement without Supervisory Board and should be used only together with...

Founders’ agreement governs the founders’ relations vis-a-vis each other and the company. It is one...

The Articles of Association regulate, among others, the matters that require prior approval by the...

The Articles of Association supplement the Founder’s Agreement and should be used only together with...

The Comprehensive IP Assignment and License Agreement is an agreement by which a person –...

The Simple IP Assignment and License Agreement is an agreement by which a private individual...

The aim of a non-disclosure agreement, or NDA, is to protect the company’s sensitive information...

The aim of a non-disclosure agreement, or NDA, is to protect the company’s sensitive information...

This template of an employment agreement is intended for use by employees in Estonia. Some...

This agreement regulates the company’s relationship with its advisor who is a private individual. This...

This agreement regulates the company’s relationship with its management board member in his capacity as...

This template of an option agreement is intended for use to grant options to company’s...

This agreement is to be used to secure necessary shareholders’ approval for a convertible or...

This is a modified version of Postmoney SAFE Valuation Cap v.1.2 distributed by Y-Combinator and...

This is a modified version of Postmoney SAFE Discount Only v.1.2 distributed by Y-Combinator and...

This is a sample capitalisation table that can be used to plan and model simple...

This is a sample capitalisation table that an early-stage startup can use to plan and...

This checklist template serves as an example list of information that early stage investors normally...

This document includes two alternative forms of consent to be used in equity investment transactions...

This term sheet is to be used to summarize the main terms of a seed...

This agreement is to be used for a seed stage financing round that is proposed...

This agreement is to be used for a seed stage financing round that is proposed...

This term sheet is to be used to summarize the main terms of a seed...

This agreement is to be used for an early stage financing round that is proposed...

This agreement is to be used for an early stage financing round that is proposed...

This agreement is to be used for an early stage financing round that is proposed...

This document supplements Shareholders’ Agreement with Supervisory Board and should be used only together with...

This document supplements Shareholders’ Agreement without Supervisory Board and should be used only together with...

This document supplements Shareholders’ Agreement with Supervisory Board and should be used only together with...

This document supplements Shareholders’ Agreement without Supervisory Board and should be used only together with...

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