Contact
← All workflows

Convertible Note Purchase Agreement

Draft Convertible Notes in Minutes, Not Hours

12 minutes with CaseMark

Fast lane

We have it from here.

Choose the fast one-off run here, or jump into the workspace when you want saved history, revisions, and a fuller matter workflow.

Run this once here

Best for a quick one-off job. Add your email, upload the files, and we'll run the workflow and send the result to your inbox.

1. Add your email so we know where to send the result.

2. Upload the files you want analyzed.

3. Run the workflow and we'll take it from there.

Use in Workspace

Best for ongoing matters

Save and reopen matters, keep documents together, refine the output, rerun with changes, and export or share polished work product when you're done.

Open in Workspace

Need more context?

Scroll for the workflow details below if you want to review what this run handles, what documents help, and what the output looks like.

If this is part of a live matter, the workspace is the better fit: you can keep your documents together, revisit the result, and keep working without starting from scratch.

Jump to detailsOpen in Workspace

Start here

Run this workflow now

Best for a fast one-off run. Add your email, upload the files, and we'll deliver the result without sending you into the full app.

Workflow

Convertible Note Purchase Agreement

Step 1 · Deliver to

Step 3 · Run this workflow

Workflow

Convertible Note Purchase Agreement

Overview

Drafting convertible note purchase agreements manually requires hours of research across multiple legal resources, careful customization of standard provisions, and meticulous verification of deal terms and legal citations. Startup lawyers juggle template libraries, web searches for best practices, and client-specific details while ensuring compliance with securities regulations and market standards.

Drafting convertible note purchase agreements manually requires hours of research across multiple legal resources, careful customization of standard provisions, and meticulous verification of deal terms and legal citations. Startup lawyers juggle template libraries, web searches for best practices, and client-specific details while ensuring compliance with securities regulations and market standards.

CaseMark automates the entire drafting process by intelligently combining your deal terms with web-researched best practices and verified legal sources. The AI generates a complete, market-standard convertible note purchase agreement with proper citations, customized representations, and conversion mechanics—all in minutes, giving you more time for strategic client counseling.

How it works

  1. 1. Upload your documents

  2. 2. AI analyzes and extracts key information

  3. 3. Review and customize the generated content

  4. 4. Export in your preferred format (DOCX, PDF)

What you get

  • Preamble

  • Purchase and Sale of Notes

  • Representations and Warranties of the Company

  • Representations and Warranties of the Purchaser

  • Conditions to Closing

  • Covenants of the Company

  • Terms of the Notes

  • Events of Default and Remedies

  • Indemnification

  • Miscellaneous

What it handles

  • Preamble

  • Purchase and Sale of Notes

  • Representations and Warranties of the Company

  • Representations and Warranties of the Purchaser

  • Conditions to Closing

  • Covenants of the Company

  • Terms of the Notes

  • Events of Default and Remedies

  • Indemnification

  • Miscellaneous

Required documents

  • Company Information

    Company formation documents, capitalization table, and corporate details for accurate representations and warranties

    .pdf, .docx, .txt

  • Deal Terms Sheet

    Term sheet or summary outlining principal amount, valuation cap, discount rate, maturity date, and other key deal terms

    .pdf, .docx, .xlsx

Supporting documents

  • Prior Financing Documents

    Previous investment agreements or notes to ensure consistency in terms and provisions

    .pdf, .docx

  • Investor Information

    Purchaser details including accreditation status and investment amounts for customized representations

    .pdf, .docx, .xlsx

  • Due Diligence Materials

    Company disclosures, financial statements, or compliance documentation to inform representations and covenants

    .pdf, .docx

Why teams use it

Generate complete 10-section agreements in 12 minutes vs. 5+ hours manually

Automatic web research pulls current best practices from LegalZoom, Practical Law, and bar associations

AI integrates your deal-specific terms (valuation cap, discount, maturity) throughout the document

Built-in legal citations and verification from authoritative sources like ABA and UpCounsel

Market-standard provisions for representations, covenants, and conversion mechanics

Questions

How does CaseMark ensure the convertible note terms match my deal?

CaseMark uses RAG technology to extract deal-specific terms from your uploaded term sheet or deal summary, then intelligently weaves those details (principal amount, valuation cap, discount rate, maturity date) throughout the agreement. The AI ensures consistency across all sections while maintaining market-standard language.

Can I trust the legal accuracy of AI-generated convertible note agreements?

CaseMark researches and cites authoritative legal sources including Practical Law, American Bar Association guidelines, and established legal platforms. The AI pulls current best practices and standard provisions, then presents them with proper citations for your review. Always conduct final review as with any legal document.

What investor representations does CaseMark include in the agreement?

CaseMark automatically drafts standard purchaser representations covering accredited investor status, investment sophistication, independent evaluation, and investment intent. The AI sources these provisions from startup legal resources like Cooley GO and adapts them to your specific transaction.

How long does it take to generate a complete convertible note purchase agreement?

CaseMark generates a comprehensive, market-standard convertible note purchase agreement in approximately 12 minutes. This includes all 10 standard sections with web-researched provisions, legal citations, and your deal-specific terms integrated throughout—compared to 5+ hours of manual drafting and research.

Does CaseMark handle conversion mechanics and valuation caps correctly?

Yes, CaseMark drafts detailed conversion provisions including discount rates, valuation caps, qualified financing triggers, and maturity conversion scenarios. The AI references templates from the Angel Capital Association and other startup financing resources to ensure market-standard mechanics that protect both company and investor interests.

Can I customize the representations and warranties for my client's situation?

Absolutely. CaseMark generates comprehensive baseline representations covering legal status, authority, capitalization, and compliance based on bar association standards. You can then easily edit and customize these provisions based on your due diligence findings and client-specific circumstances.

What happens if I need to draft multiple convertible notes for a funding round?

CaseMark maintains consistency across multiple agreements by using the same deal terms and provisions for each investor. Simply upload your deal terms once, and generate individual agreements with investor-specific details (purchase amounts, accreditation status) while keeping all other terms standardized across the round.

Related

Action by Written Consent of Incorporator

Draft Incorporator Consents in Minutes, Not Hours

Amended and Restated Certificate of Incorporation

Draft Delaware Certificates of Incorporation in Minutes

Annual Report for State Charity Bureau

Generate State Charity Bureau Reports in Minutes