Angel Counsel Clause Samples
The 'Angel Counsel' clause designates a specific legal advisor or law firm, often chosen by the lead investor or a group of investors, to represent their collective interests in a transaction. This clause typically outlines the scope of the counsel's authority, clarifies that the counsel acts for the investors as a group rather than individually, and may address how communications and conflicts of interest are managed. Its core function is to streamline legal representation, reduce costs, and ensure consistent advice for all investors, thereby preventing confusion or conflicting instructions during negotiations.
Angel Counsel. The Parties acknowledge that (a) KLA Advogados and ▇▇▇▇▇▇ & Bird LLP (collectively, the “Angel Counsel”), before the Closing, acted as legal counsel to Angel and its Affiliates in connection with the Cash Transfer and the other transactions contemplated in this Agreement, (b) the Angel Counsel has not acted as legal counsel for any other Person in connection with the Cash Transfer and any of the other transactions contemplated in this Agreement, and (c) the Angel Counsel may continue to represent Angel and its Affiliates (which will include the Group Companies) after the Closing in connection with any post-Closing matters and disputes adverse to Athena and any of its Affiliates. In addition, all communications involving attorney-client confidences between Angel, its Affiliates and the Angel Counsel in the course of the negotiation, documentation and consummation of the Cash Transfer and the other transactions contemplated in this Agreement shall be deemed to be attorney-client confidences that belong solely to Angel and its Affiliates.