Magic Circle firm Clifford Chance has launched Intelligent VIMA Solutions to automate and generate documents based on the Venture Capital Investment Model Agreements (VIMA) suite based on Singapore law.
The VIMA suite was introduced by the Singapore Academy of Law (SAL) and the Singapore Venture Capital and Private Equity Association (SVCA).
The solutions were developed with input from Clifford Chance's Create+65 start-up community, which the law firm established in December 2018. The suite claims to allow users to quickly generate and customise a first draft of essential documents in the early-stage financing of a start-up, such as non-disclosure agreements, as well as fundraising and shareholder agreements.
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