Rights Change Tracking

See what changed

and what governs now.

Follow rights across rounds, side letters, amendments, and waivers.

PostSig IRI connects the document history to the current answer so teams can see what was added, modified, superseded, and still active.

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Current governing view

RIGHTS LINEAGE

Audit request

Ownership

FMV support

Rights

Changes

Original → Change → Now

Added

Modified

Waived

Still active

What governs now

Track rights across rounds

Connect original documents to later financings, amendments, and restatements.

See what changed

Identify rights that were added, modified, waived, replaced, or superseded.

Preserve current-state context

Understand which rights still apply today.

Connect changes to evidence

Trace every answer back to the source documents behind it.

Current governing view

Ownership evidence

Rights context

Valuation support

Changes since last review

THE PROBLEM

Investor rights change. Static records do not.

Rights change tracking shows what governs now. It connects how investor rights, approvals, economics, and constraints evolved across rounds, side letters, amendments, waivers, and portfolio events.

The rights negotiated at entry rarely stay simple. New rounds happen. Side letters get signed. Amendments update terms. Thresholds shift. Notes convert. Secondaries affect ownership. Restructurings change economics.

Over time, teams may remember what was negotiated, but not what is currently in force. That gap creates governance drift.

The current answer should not depend on institutional memory.

THE RECORD KEEPS MOVING

The original deal is not always what governs now.

Investor rights evolve through amendments, waivers, side letters, financings, conversions, and restructurings. The current answer lives across the document history.

Original Right

Side Letter

Amendment

New Financing

Current Governing View

Static records tell you what was signed. IRI needs the current truth: what governs now, and why.

LINEAGEAI™

LineageAI™ connects the document history to the current answer.

It does not just summarize one document. It understands how agreements, side letters, amendments, and later events relate over time, so teams can see what governs now.

Cross-document intelligence

Connects agreements, side letters, amendments, restatements, and related records.

Temporal change tracking

Understands how rights, economics, approvals, and evidence changed over time.

Source-backed answers

Keeps every current answer tied to the documents and lineage behind it.

APPLIED INSIDE IRI

Inside IRI, LineageAI™ becomes an audit workflow: current answer, source evidence, review path, and evidence pack.

CURRENT STACK → IRI

IRI unlocks the intelligence locked inside your documents.

Document Intelligence identifies what each agreement says. Cross-document intelligence shows how agreements relate over time. LineageAI™ keeps the answer current as new documents arrive.

YOUR CURRENT STACK

CLM

Captures negotiated intent and manages the path to signature.

WHAT IRI UNLOCKS

Post-signature intelligence

Turns signed agreements into living investor-rights intelligence teams can act on as the portfolio changes.

YOUR CURRENT STACK

File storage / repositories

Holds agreements, side letters, amendments, and supporting files.

WHAT IRI UNLOCKS

Document Intelligence

Extracts the rights, obligations, economics, and evidence locked inside each document.

YOUR CURRENT STACK

Amendments and new rounds

Change the answer across documents, time, and jurisdictions.

WHAT IRI UNLOCKS

Cross-document lineage

Connects related records to understand how terms relate, what changed, and what supersedes what.

YOUR CURRENT STACK

Spreadsheets and portfolio systems

Track numbers, notes, status, ownership, and company context.

WHAT IRI UNLOCKS

Current governing view

Connects operational data to document context so teams see what is current and what governs now.

Economics

Ownership, preferences, cost basis, and value context stay connected to evidence.

Control

Consent rights, approvals, thresholds, and restrictions stay visible before decisions move.

Defensibility

Every answer can be traced back to source documents and review history.

Timing

Teams answer faster when audits, LP requests, diligence, or exits compress timelines.

RIGHTS CHANGE QUESTIONS IRI ANSWERS

The rights-change questions your team asks are the questions IRI was built to answer.

Each row starts with a real question and shows how IRI connects the current answer to source evidence. The goal is not faster search. It is a defensible current record.

Rights Question

IRI Answer

Source Evidence

What changed since the original investment?

Connects new rounds, amendments, side letters, waivers, and restatements to the company record.

Original agreements, later financings, amendments, side letters, restatements.

Which rights are still active?

Shows current rights by portfolio company, investor context, and governing document.

Investor rights agreements, side letters, ownership records, updated terms.

Which rights were modified or waived?

Tracks changes across the document history.

Amendments, waivers, restatements, side letters, financing documents.

Which document changed the right?

Links each rights change back to the source document.

Document lineage, extracted terms, review history, source files.

What approvals apply now?

Connects current approval rights to the governing document set.

Consent provisions, protective provisions, amendments, updated rights.

What governs the next financing, board action, or exit?

Surfaces the current governing view before a new event moves forward.

Current rights summary, document lineage, amendments, side letters, approval context.

BEFORE / AFTER IRI

From document history to the current governing view.

Before IRI

The original deal is treated as the current answer

Amendments, waivers, and side letters are checked manually

Superseded terms are hard to spot

Teams debate what governs now

With PostSig IRI

Rights changes are connected across time

Superseded, modified, and active terms are easier to see

Current rights are tied to source evidence

Teams work from the same governing view

ROLE-BASED VALUE

Built for portfolios that keep changing.

Investment teams

Need better decisions with less reconstruction across rounds, side letters, and amendments.

Legal and fund counsel

Need faster review and fewer repeated document reads.

Fund CFOs and finance teams

Need clearer support for finance cycles, audit, valuation, and reporting.

Fund operations

Need less drift between trackers, documents, and portfolio events.

Firm leadership

Needs stronger control across the portfolio record.

FAQ

Rights Change Tracking FAQ

What is rights change tracking?

Rights change tracking is the process of understanding how investor rights change across rounds, amendments, side letters, waivers, restatements, ownership changes, and portfolio events.

Why do investor rights change?

Rights may change after new financings, side letters, amendments, ownership threshold changes, conversions, restructurings, secondaries, or exits.

How does IRI show what governs now?

IRI connects related documents across time and surfaces the current rights, approvals, economics, and constraints for each portfolio company.

What does LineageAI™ do?

LineageAI™ connects terms, rights, amendments, side letters, and financing rounds across documents and time.

Does IRI replace legal review?

No. IRI helps legal review happen faster by organizing source documents, changes, and current-state context.

Which teams benefit from rights change tracking?

Investment, legal, finance, fund operations, and leadership teams use rights change tracking to reduce drift between documents, trackers, and decisions.

IRI PLATFORM