3.1 FOUR BLOCKS
Every structure is built from the same four blocks
5 min
| Block | What it is | The rule |
|---|---|---|
| Sources | Grant, outcome payment, investment, guarantee, revenue | Each has a different price and a different condition |
| Vehicle | A clause, a contract, a facility or a legal entity | Choose the lightest one that carries the flows |
| Flows | Who pays whom, in what order and when | Draw it before writing it, because what can be drawn can be signed |
| Triggers | Verification, milestones, default and termination | The trigger is where the negotiation actually happens |