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1. Parties: Identification of the contracting parties - the VC firm and the Venture Partner
2. Background: Context of the agreement and brief description of the parties' intentions
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the Venture Partner and duration of the agreement
5. Role and Responsibilities: Detailed description of the Venture Partner's duties and expected contributions
6. Time Commitment: Expected time allocation and availability requirements
7. Compensation Structure: Base compensation, carried interest, and other financial terms
8. Deal Flow and Investment Process: Procedures for identifying, evaluating, and presenting investment opportunities
9. Relationship with Portfolio Companies: Guidelines for interaction with portfolio companies and potential board positions
10. Confidentiality: Protection of confidential information and trade secrets
11. Intellectual Property: Ownership and rights to intellectual property created during the engagement
12. Non-Competition and Non-Solicitation: Restrictions on competing activities and soliciting employees/investors
13. Termination: Grounds and procedures for termination of the agreement
14. Representations and Warranties: Standard declarations by both parties
15. Governing Law and Jurisdiction: Application of German law and jurisdiction for disputes
1. External Activities: Used when the Venture Partner maintains other professional activities or board positions
2. Investment Committee Participation: Include when the Venture Partner will be part of the investment committee
3. Fund Raising Participation: Required if the Venture Partner will be involved in fund raising activities
4. Personal Co-Investment Rights: Include if the Venture Partner has rights to co-invest in deals
5. Insurance and Indemnification: Needed when the firm provides D&O insurance or other coverage
6. Expense Policy: Include when specific expense reimbursement policies apply
7. Compliance Requirements: Required for regulated entities or when specific compliance obligations exist
8. Marketing and Public Relations: Include when the Venture Partner will be involved in public-facing activities
1. Schedule 1: Compensation Details: Detailed breakdown of compensation structure, including carried interest calculations
2. Schedule 2: Investment Focus and Strategy: Description of the fund's investment thesis and target sectors
3. Schedule 3: Compliance Manual: Relevant excerpts from the firm's compliance policies
4. Schedule 4: Approved External Activities: List of pre-approved external commitments and positions
5. Schedule 5: Reporting Requirements: Templates and procedures for regular reporting
6. Schedule 6: Expense Policy: Detailed guidelines for expense claims and reimbursement
7. Appendix A: Power of Attorney: If applicable, specific authorities granted to the Venture Partner
8. Appendix B: Confidentiality Agreement: Detailed confidentiality terms and procedures
Venture Capital
Private Equity
Financial Services
Investment Management
Technology
Startups
Innovation
Asset Management
Professional Services
Corporate Finance
Legal
Investment
Portfolio Management
Compliance
Operations
Fund Administration
Risk Management
Executive Management
Venture Partner
Investment Director
Managing Partner
General Partner
Investment Manager
Portfolio Manager
Chief Investment Officer
Fund Manager
Senior Advisor
Investment Professional
Legal Counsel
Compliance Officer
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