Other important terms to consider include whether there are liens on the IP (a negative), Material Adverse Change clauses, cash-collateral elements (where a bank can sweep the account), and other particular covenants.

FORBES: Venture Debt: Under-Appreciated Tool for Building Biotechs

Mr Hennessy is skilled at detecting great movements in the tectonic plates of politics and diplomacy, and his account of the sweep of a decade in which Britain ceased to be a great power is compelling.

ECONOMIST: Post-war Britain

Mr MacCulloch describes the era with a skilful sweep, though little distinguishes this section from a more general account.

ECONOMIST: A history of Christianity