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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."
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
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
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
Venture Capital
Private Equity
Financial Services
Technology
Life Sciences
Clean Technology
Digital Health
Fintech
Enterprise Software
Consumer Technology
Deep Technology
Artificial Intelligence
Biotechnology
Legal
Compliance
Investment
Operations
Finance
Risk Management
Portfolio Management
Deal Execution
Investor Relations
Human Resources
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
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