Understand the security documents before you sign the funding set

It is commonly used by founders, directors and startup leadership teams who have moved beyond a term sheet and are now being asked to sign the actual security documents. It can also be useful for investors or stakeholders who want to understand how the security position affects the wider deal. The service is particularly helpful where more than one document is involved, such as a debenture, share security or other supporting security paperwork, and you want a joined-up view of the set rather than comments on one document in isolation.

The important points often include enforcement rights, restrictions on taking on further debt, limits on dealing with assets, reporting obligations, cross-default wording and triggers that may operate earlier than expected. We also look at whether the documents could affect founder shares, group company arrangements, investor expectations or flexibility in a later funding round. The aim is to highlight the clauses that carry real commercial weight, not just summarise the paperwork. That can help you decide whether the documents are acceptable as drafted or whether certain points are worth pushing back on.

You receive a review of up to three security documents, written feedback on the main legal and commercial issues identified, and a 30-minute consultation to discuss the findings and your questions. The feedback is intended to explain what the documents are doing, where the pressure points sit and which clauses may need closer attention before signing. If you later want help negotiating changes, amending the documents or staying involved through completion, that would be separate work rather than part of this review-only service.

A term sheet review usually looks at the headline commercial proposal before the long-form finance documents are produced. This service comes later, once the actual security paperwork is on the table. That means the review is less about broad deal economics and more about the legal rights being created over assets, shares or other property, plus the operational restrictions that may follow. It is a useful next step where the transaction has moved from principle to detailed documentation and you want to understand the practical effect before signing.

Please send the security documents you want reviewed, together with any related finance documents or short background notes that explain the transaction. It helps to know whether the deal involves venture debt, acquisition finance, shareholder funding or another structure, and whether founder or group-company security is involved. That context makes the feedback more commercially useful because the same clause can matter differently depending on the deal. If more than three documents need review, or the set is unusually complex, we may need to agree a separate scope and fee.

Working with us is simple. Start by submitting an enquiry through our website using the form at the top of this page or on our Get Started page. A legal project manager will review your enquiry within 1 business day and reach out to understand your needs.

They'll send you a fixed fee quote outlining costs, scope, and timing. If you're happy, you can accept and sign our engagement letter online. Once that's done, we'll connect you with an expert lawyer who will complete your project via email, phone, or video chat, with the timing confirmed in your quote.

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At Sprintlaw, our pricing is transparent and designed for startups and small businesses. Many one-off legal services, including document drafting and reviews, are provided for a fixed fee with an upfront quote before you proceed.

Prices typically range from £100 to £1,500 depending on the complexity and scope of the work. For ongoing support, Sprintlaw Memberships include options such as legal templates, consultations, a legal helpline and credits for services.

If your project is larger or more complex, we will provide a tailored quote after understanding what you need.

Sprintlaw UK operates fully virtually, with the team working online across the UK to provide support to startups and small businesses nationwide. Many of our team are based in London and often meet at co-working offices, but our operations remain fully digital, ensuring flexibility and efficiency for both our clients and team.