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Venture Partner Agreement Template for Switzerland

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Key Requirements PROMPT example:

Venture Partner Agreement

"I need a Venture Partner Agreement for a Swiss-based fintech VC fund, where the venture partner will focus on deal sourcing in the DACH region and receive both a fixed annual fee and 5% carried interest, with the agreement starting January 1, 2025."

Document background
The Venture Partner Agreement is essential for venture capital firms operating under Swiss law who wish to engage experienced professionals in a capacity that bridges the gap between external advisors and full-time investment professionals. This document is typically used when a firm wants to formalize a relationship with an industry expert, seasoned entrepreneur, or investment professional who will contribute to the firm's success through deal sourcing, due diligence, and portfolio company support, while maintaining other professional activities. The agreement addresses key aspects such as compensation structure (including carried interest), confidentiality, exclusivity, and operational integration, all within the framework of Swiss law and financial regulations. It's particularly important for ensuring clarity in roles, responsibilities, and economic rights while maintaining compliance with Swiss financial market regulations and tax considerations.
Suggested Sections

1. Parties: Identification of the venture firm and the venture partner, including full legal names and addresses

2. Background: Context of the agreement, brief description of the venture firm's business, and the purpose of engaging the venture partner

3. Definitions: Key terms used throughout the agreement, including 'Portfolio Companies', 'Investment Period', 'Carried Interest', etc.

4. Appointment and Term: Formal appointment of the venture partner, duration of the agreement, and renewal terms

5. Role and Responsibilities: Detailed description of the venture partner's duties, including deal sourcing, due diligence, and portfolio company support

6. Time Commitment: Expected time dedication and availability requirements

7. Compensation: Structure of compensation, including any fixed fees, deal fees, and carried interest arrangements

8. Expenses: Guidelines for reimbursable expenses and approval processes

9. Relationship Status: Clarification of the venture partner's status as an independent contractor or other designation

10. Confidentiality: Obligations regarding confidential information and trade secrets

11. Intellectual Property: Ownership and rights related to IP developed during the engagement

12. Non-Competition and Non-Solicitation: Restrictions on competing activities and soliciting employees or portfolio companies

13. Termination: Grounds for termination, notice periods, and consequences of termination

14. Governing Law and Jurisdiction: Specification of Swiss law as governing law and jurisdiction for disputes

15. Miscellaneous: Standard provisions including severability, entire agreement, amendments, and notices

Optional Sections

1. Co-Investment Rights: Terms for the venture partner's personal investment alongside the firm, used when co-investment is permitted

2. Portfolio Company Board Seats: Rules and compensation for serving on portfolio company boards, included when board participation is expected

3. International Activities: Specific provisions for cross-border activities, needed when the partner operates in multiple jurisdictions

4. Key Person Provisions: Special terms related to key person events at the venture firm, included for senior venture partners

5. Teaching and Speaking Engagements: Guidelines for external professional activities, included when the partner has a public-facing role

6. Limited Partner Interaction: Rules for communicating with fund investors, included when the partner has LP-facing responsibilities

7. Follow-on Investment Rights: Terms for participation in follow-on investment decisions, included for partners with portfolio management responsibilities

Suggested Schedules

1. Schedule 1: Compensation Terms: Detailed breakdown of all compensation components, including carried interest calculations

2. Schedule 2: Investment Focus: Specific investment themes, stages, and geographic focus areas

3. Schedule 3: Approved External Activities: List of pre-approved business activities outside the venture partner role

4. Schedule 4: Expense Policy: Detailed guidelines for expense submission and reimbursement

5. Schedule 5: Reporting Requirements: Templates and timing for required activity reports

6. Appendix A: Power of Attorney: Standard form of power of attorney for representing the firm

7. Appendix B: Compliance Manual: Key compliance policies and procedures applicable to the venture partner

8. Appendix C: Deal Flow Template: Standard format for presenting investment opportunities

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions














































Clauses




































Relevant Industries

Venture Capital

Private Equity

Financial Services

Technology

Life Sciences

Clean Technology

Digital Health

Fintech

Enterprise Software

Consumer Technology

Deep Technology

Artificial Intelligence

Biotechnology

Relevant Teams

Legal

Compliance

Investment

Operations

Finance

Risk Management

Portfolio Management

Deal Execution

Investor Relations

Human Resources

Relevant Roles

Venture Partner

General Partner

Managing Director

Investment Director

Chief Executive Officer

Chief Investment Officer

Portfolio Manager

Investment Committee Member

Operating Partner

Senior Advisor

Deal Partner

Investment Professional

Chief Financial Officer

Chief Legal Officer

Compliance Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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