For those new to this procedure, requesting someone you approach to sign these documents can seem to be an insult, and an unnecessary administrative overhead. They are not. Anyone with money to put in to support you will have nothing to do with you unless you request such a document. There is no purpose in putting money into an idea which has lost its protection. The drafting of such documents should be undertaken with care.
Situations do differ, and it is important to describe correctly the underlying concept.
This note relates to English law only. Law changes constantly, and a short note cannot reflect the complexity of real life. Do not rely upon this note alone, but ask about your situation. The Law Society regulates our Investment Business. The Law Society sponsors these pages, for which, many thanks.