# Information rights

A promise to send investors particular reports on a schedule.

Every investor has them, and the version signed decides how much of a first year goes into reporting instead of operating. The usual package is monthly financials within a set number of days, an annual budget, and the right to inspect the books. The trap is the deadline rather than the work: a monthly package due on the tenth, from a company whose bookkeeping closes on the twentieth, is a promise broken in month one. Match the dates to the close the business actually runs, and say so before signing.

In numbers: On a $4M business, statements due within 15 days of month end is twelve deadlines a year against a close that takes twenty.

Source: https://searchspheresource.com/glossary/information-rights
Not dated: A definition is editorial: what a term means, why it matters, and an example. None of it reads a source that can go stale, so there is no date to take and a stamped one would be the build time wearing a costume.

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