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Dictionary by pitch.dog
Term-sheet control & investor rights · Core

Reserved matters

Also called: consent matters

ELI5

Important decisions that need special approval.

Used in conversation

“The reserved matters list should not block ordinary operations.”

Definition

Significant actions requiring specified board, shareholder or investor approval.

Here “Reserved matters” means: Significant actions requiring specified board, shareholder or investor approval.

Pitch context

You will see “Reserved matters” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches term-sheet control & investor rights.

Why it matters: In term-sheet control & investor rights, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

When the words have to travel

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Sources & evidence · 5

Direct term-level sources and supporting source families.