Glossary

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IAA (Israel Innovation Authority)

The Israel Innovation Authority (IAA) is a government agency that operates under the authority of the Israeli Ministry of Economy and Industry. Its mission is to support the development of Israel’s innovation ecosystem by providing funding and support to Israeli companies, entrepreneurs, and researchers. The IAA offers a wide range of programs and grants to support research and development in...

Indemnification

Indemnification refers to a contractual provision where one party agrees to compensate the other party for any losses, damages, or liabilities that may arise from a particular event or transaction. In the context of startup investments, indemnification clauses are often included in investment agreements to protect investors from losses resulting from the startup’s actions, such as breach of cont...

Information Rights

Information rights refer to the right of a shareholder or investor to access certain information about a company or investment. These rights are usually defined in shareholders’ agreements or investment contracts and may include access to financial statements, business plans, annual reports, and other relevant information. Information rights are important for investors as they allow them to m...

Inspection Rights

Inspection Rights refer to the right of an investor to inspect the books and records of a company they have invested in. These rights are usually included in the shareholders’ agreement, the articles of association, or other investment-related documents. Inspection rights are important for investors because they allow them to monitor the financial performance of the company they have invested...

IRA (Investors’ Rights Agreement)

An Investors’ Rights Agreement (IRA) is a legal document that outlines the rights and obligations of investors in a company. Typically, IRAs are entered into between a company and its investors (including venture capitalists, angel investors, and other equity holders) at the time of a financing round. The purpose of an IRA is to provide investors with certain rights, such as the right to rece...

IRS (The Internal Revenue Service)

The Internal Revenue Service (IRS) is the revenue service of the United States federal government responsible for collecting taxes and enforcing the Internal Revenue Code. It is a bureau of the Department of the Treasury and is responsible for administering and enforcing various tax laws, including income taxes, payroll taxes, estate and gift taxes, and excise taxes. The IRS is also responsible...

ISO (Incentive stock options)

ISO stands for “incentive stock options,” which are a type of stock option offered to employees as a form of compensation. ISOs are granted with the intention of providing employees with a financial incentive to work hard and contribute to the company’s success. ISOs have tax advantages compared to other types of stock options, such as non-qualified stock options (NSOs). When an employee ...

ITA (Israeli Tax Authority)

The Israeli Tax Authority (ITA) is a governmental body responsible for enforcing tax laws in Israel. It operates under the supervision of the Ministry of Finance and is responsible for collecting taxes, conducting audits, and ensuring compliance with tax regulations. The ITA also provides guidance and assistance to taxpayers in understanding their tax obligations and preparing tax returns. In a...