/Docs/G/YCombinator-SAFE-2020/Form/Base/v1-1.md
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Company Representations
  1. The Company is a {corporation/other} duly organi{s/z}ed, validly existing and in good standing under the laws of {CompanyIncorporation.cl}, and has the power and authority to own, lease and operate its properties and carry on its business as now conducted.
  2. The execution, delivery and performance by the Company of this Safe is within the power of the Company and has been duly authori{s/z}ed by all necessary actions on the part of the Company (subject to section 3.d). This Safe constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and general principles of equity. To its knowledge, the Company is not in violation of(i) its current certificate of incorporation or bylaws, (ii) any material statute, rule or regulation applicable to the Company or (iii) any material debt or contract to which the Company is a party or by which it is bound, where, in each case, such violation or default, individually, or together with all such violations or defaults, could reasonably be expected to have a material adverse effect on the Company.
  3. The performance and consummation of the transactions contemplated by this Safe do not and will not: (i) violate any material judgment, statute, rule or regulation applicable to the Company; (ii) result in the acceleration of any material debt or contract to which the Company is a party or by which it is bound; or (iii) result in the creation or imposition of any {lien_on_any_property}, asset or revenue of the Company or the suspension, forfeiture, or nonrenewal of any material permit, license or authori{s/z}ation applicable to the Company, its business or operations.
  4. No consents or approvals are required in connection with the performance of this Safe, other than: (i) the Company’s corporate approvals; (ii) any qualifications or filings under applicable securities laws; and (iii) necessary corporate approvals for the authori{s/z}ation of Capital Stock issuable pursuant to Section 1.
  5. To its knowledge, the Company owns or possesses (or can obtain on commercially reasonable terms) sufficient legal rights to all patents, trademarks, service marks, trade names, copyrights, trade secrets, licenses, information, processes and other intellectual property rights necessary for its business as now conducted and as currently proposed to be conducted, without any conflict with, or infringement of the rights of, others.