Default is the occurrence of an event of default or other condition specified in a financing, credit, or other material agreement that gives the non-breaching party specified rights or remedies, which may include requiring immediate payment or performance, increasing interest or fees, restricting additional borrowing or distributions, exercising remedies against collateral, and/or terminating or accelerating the agreement.
Ryan RobertsStartup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.
