Some common terms for a family-and-friends funding round of a start-up are as follows:
Avoiding the Pitfalls: Friends and Family financings are always the easiest to complete - often taking less than two months from start to finish. Friends and Family rounds usually raise $25,000 to $150,000 in total – the amount depends a lot on who your friends and family are.

Over-valuation: The most common way entrepreneurs get into trouble and end up treating their friends and family unfairly is by over-valuation. This causes serious structural problems that must be rectified before the next round of financing.

Legal Requirements: All financings and share sales are governed by securities legislation. Entrepreneurs must know what the legal requirements are before accepting that first dollar of investment, even if it is from a family member.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath