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Home Q&A Forum Can a convertible note be transferred?

Startup

Convertible Note

Ohio

Asked on Jul 6, 2023

Can a convertible note be transferred?

I am a startup founder and I am considering using a convertible note to raise capital. I am aware that convertible notes are agreements between investors and startups, but I'm not sure if they can be transferred to other investors. I need to know if this is possible so that I can make an informed decision about the best way to raise capital for my business.

1 Attorney answer

Answer

Startup

Ohio

Answered 348 days ago

Paul S.

ContractsCounsel verified

Business Lawyer
Licensed in California, Ohio
Free Consultation

It depends on the terms of the convertible note. If you don't want it to be transferable, then you should include a provision in the note prohibiting transfers, assignments, etc.

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