Has anyone's lawyer recommended re-doing the equity plan/form award documents that were auto-generated by Clerky? If yes but you have decided to stick with the Clerky paperwork, has there been any problems associated with this decision?
Hi! I'm one of the founders of Clerky :) The forms in our equity compensation products were developed in partnership with Orrick, which has one of the leading startup practices. They've been used by thousands of startups and have survived legal due diligence in countless financings and acquisitions. It's unlikely that there's a legitimate reason to re-do them, at least no more so than there would be with documents from anywhere else. That said, a lot of attorneys simply prefer working with their own forms or have their own opinions about what's best. Even within the same law firm, it can be near impossible to get two attorneys to agree on the same form.