The Venture Partner Agreement is a crucial document in the Nigerian venture capital ecosystem, used to formalize the relationship between venture capital firms and experienced professionals who contribute their expertise, networks, and time to the firm's success. This agreement is particularly important in the Nigerian context where the venture capital industry is rapidly evolving and requires clear governance structures. The document typically addresses key aspects such as deal sourcing, investment evaluation, portfolio company support, and compensation structures, while ensuring compliance with Nigerian regulations including the Companies and Allied Matters Act (CAMA) 2020 and the Investment and Securities Act. It's essential for establishing clear expectations, protecting both parties' interests, and creating a framework for successful collaboration in venture investment activities.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the contracting parties including the venture firm and the venture partner, with their respective addresses and registration details
2. Background: Context of the agreement, including the venture firm's business and the purpose of engaging the venture partner
3. Definitions: Key terms used throughout the agreement, including specific venture capital terminology and Nigerian legal terms
4. Appointment and Scope: Terms of the venture partner's appointment and detailed scope of their responsibilities
5. Term and Termination: Duration of the agreement, renewal provisions, and circumstances for termination
6. Compensation Structure: Details of basic compensation, carried interest, management fee participation, and other financial entitlements
7. Deal Flow and Investment Process: Procedures for identifying, evaluating, and pursuing investment opportunities
8. Confidentiality: Protection of confidential information and trade secrets
9. Non-Competition and Non-Solicitation: Restrictions on competitive activities and solicitation of employees or investors
10. Intellectual Property Rights: Ownership and protection of IP developed during the partnership
11. Representations and Warranties: Standard and specific declarations by both parties
12. Compliance and Regulatory Matters: Obligations to comply with Nigerian laws and regulations
13. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law
14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Investment Committee Participation: Include when the venture partner will have a role in investment decisions
2. Portfolio Company Board Representation: Include when the venture partner may serve on portfolio company boards
3. International Operations: Include for ventures with operations outside Nigeria
4. Co-Investment Rights: Include if the venture partner has rights to co-invest in deals
5. Key Person Provisions: Include when the venture partner's personal involvement is crucial
6. Training and Development: Include when the agreement involves mentoring or training responsibilities
7. Exit Provisions: Include detailed provisions for partner exit when dealing with senior partners
8. Fund Marketing and LP Relations: Include when partner will be involved in fundraising activities
1. Schedule 1: Compensation Details: Detailed breakdown of all compensation components including carried interest calculations
2. Schedule 2: Investment Focus Areas: Specific sectors, stages, and types of investments within scope
3. Schedule 3: Reporting Requirements: Templates and timing for required reports and updates
4. Schedule 4: Approved External Activities: List of pre-approved activities outside the venture partnership
5. Schedule 5: Key Performance Indicators: Specific metrics for evaluating the venture partner's performance
6. Schedule 6: Compliance Procedures: Detailed procedures for ensuring regulatory compliance
7. Appendix A: Power of Attorney: If required, specific powers granted to the venture partner
8. Appendix B: Confidentiality Agreement: Detailed confidentiality terms and procedures
Relevant legal definitions
Clauses
Relevant Industries
Technology
Financial Services
Healthcare
E-commerce
Telecommunications
Agriculture Technology
Renewable Energy
Financial Technology
Educational Technology
Logistics and Transportation
Real Estate
Consumer Services
Digital Infrastructure
Manufacturing
Relevant Teams
Legal
Investment
Compliance
Portfolio Management
Due Diligence
Business Development
Risk Management
Fund Administration
Executive Leadership
Deal Sourcing
Investment Committee
Relevant Roles
Managing Partner
Venture Partner
Investment Director
Chief Investment Officer
Portfolio Manager
Investment Associate
Legal Counsel
Compliance Officer
Chief Executive Officer
Investment Committee Member
Deal Sourcing Specialist
Due Diligence Manager
Fund Manager
Senior Investment Analyst
Business Development Director
Find the exact document you need
Deed Of Dissolution Of Partnership Firm
A formal legal document under Nigerian law that terminates a partnership arrangement and sets out terms for winding up the partnership's affairs.
Download
Partnership Agreement Letter
A legally binding document under Nigerian law that establishes and governs business partnerships, outlining key terms and responsibilities between partners.
Download
Term Sheet Partnership Agreement
A Nigerian law-governed preliminary agreement outlining key terms and conditions for a proposed partnership arrangement, serving as a basis for final documentation.
Download
Private Limited Company Partnership Agreement
A Nigerian law-governed agreement establishing partnership terms and conditions for shareholders in a private limited company.
Download
Partnership Agreement For Hotel Business
A Nigerian law-governed agreement establishing a partnership structure for hotel business operations, defining partners' rights, responsibilities, and operational framework.
Download
Ending Partnership Agreement
A legal agreement for dissolving a business partnership under Nigerian law, detailing terms of separation and asset distribution.
Download
Technology Partner Agreement
A Nigerian law-governed agreement establishing terms and conditions for technology partnerships, ensuring compliance with local technology and data protection regulations.
Download
Precedent Partnership Agreement
A Nigerian law-governed agreement establishing the terms and conditions for business partnerships, including partner rights, obligations, and operational framework.
Download
Reseller Partnership Agreement
A Nigerian law-governed agreement establishing terms and conditions between a supplier/manufacturer and reseller for product distribution and sales.
Download
Contract For LLC Partnership
Nigerian law-compliant agreement establishing an LLC Partnership structure, defining partner rights and obligations under CAMA 2020.
Download
Joint Venture Partnership Agreement
A Nigerian law-governed agreement establishing a joint venture partnership, defining business collaboration terms and partner obligations.
Download
Reseller Agreement For Software Products
Nigerian-law governed agreement authorizing a reseller to distribute and sell specified software products within Nigeria, subject to defined terms and local regulations.
Download
Deed Of Partnership Between Two Partners
A legally binding partnership agreement between two partners under Nigerian law, establishing the terms and conditions for their business relationship.
Download
Business Alliance Agreement
A Nigerian law-governed agreement establishing a strategic business relationship between parties, defining their alliance terms, responsibilities, and mutual obligations.
Download
Distributorship Contract
A Nigerian law-governed agreement establishing terms and conditions for product distribution relationships between suppliers and distributors in Nigerian territory.
Download
Land Partnership Agreement
A Nigerian law-governed agreement establishing partnership arrangements for land ownership, development, or utilization, incorporating Land Use Act requirements and partnership provisions.
Download
Joint Venture Proposal
A Nigerian law-governed proposal document outlining the framework and terms for establishing a joint venture between multiple parties, including structure, contributions, and operational arrangements.
Download
Partnership Deed
A legal agreement under Nigerian law establishing and regulating a business partnership, detailing partners' rights, responsibilities, and operational framework.
Download
Silent Partner Contract
A Nigerian law-governed agreement establishing terms between active business partners and a silent investor, detailing investment, profit sharing, and liability limitations.
Download
Partnership Agreement For Restaurant Business
A Nigerian law-governed agreement establishing a partnership structure for restaurant business operations, defining partner rights, responsibilities, and operational framework.
Download
Memorandum Of Understanding For Business Partnership
A preliminary partnership framework document under Nigerian law that outlines proposed terms and conditions for business collaboration between parties.
Download
Limited Partnership Contract
A Nigerian law-governed agreement establishing a limited partnership structure, defining roles, responsibilities, and relationships between general and limited partners.
Download
Venture Partner Agreement
A Nigerian law-governed agreement establishing the relationship and terms between a venture capital firm and a venture partner, including roles, responsibilities, and compensation arrangements.
Download
Temporary Partnership Agreement
A Nigerian law-governed agreement establishing a temporary partnership between parties for a specific duration or project, outlining key terms and responsibilities.
Download
Technical Partnership Agreement
A Nigerian law-governed agreement establishing technical collaboration between parties, ensuring compliance with NOTAP requirements and local content laws.
Download
Strategic Alliance Partnership Agreement
A Nigerian law-governed agreement establishing a strategic partnership between independent entities, defining their collaboration terms and mutual obligations.
Download
Startup Partnership Agreement
A Nigerian law-governed agreement establishing the terms and conditions of a startup partnership, including ownership, management, and operational provisions.
Download
Software Partnership Agreement
A Nigerian law-governed agreement establishing partnership terms for software development and distribution, including IP rights, profit sharing, and operational responsibilities.
Download
Shareholders Agreement Joint Venture
A Nigerian law-governed agreement establishing terms and conditions between joint venture shareholders, including governance, rights, and obligations under CAMA 2020.
Download
Service Partner Agreement
A Nigerian law-governed agreement establishing terms and conditions between a company and its service partner for the provision of specific services.
Download
Revenue Share Partnership Agreement
A Nigerian law-governed agreement establishing a partnership arrangement with revenue sharing terms between multiple parties.
Download
Restaurant Profit Sharing Agreement
A Nigerian law-governed agreement establishing profit-sharing arrangements between parties in a restaurant business, including calculation methods and distribution terms.
Download
Salaried Partner Agreement
A Nigerian law-governed agreement establishing terms and conditions for appointment of a salaried partner in a professional services firm.
Download
Real Estate Limited Partnership Agreement
A Nigerian law-governed agreement establishing a limited partnership structure for real estate investment, defining partner relationships, capital contributions, and management rights.
Download
Real Estate Joint Venture Agreement
A comprehensive agreement establishing a real estate joint venture in Nigeria, outlining parties' rights, obligations, and profit-sharing arrangements under Nigerian law.
Download
Property Partnership Agreement
A Nigerian law-governed agreement establishing partnership arrangements for property ownership, development, or management, detailing partners' rights, responsibilities, and operational framework.
Download
Profit Sharing Agreement In Business Partnership
A Nigerian law-governed agreement establishing profit sharing terms and conditions between business partners, including distribution mechanisms and partner obligations.
Download
Profit And Loss Partnership Agreement
A Nigerian law-governed agreement establishing a partnership between parties, defining profit-sharing, management, and operational terms.
Download
Product Partnership Agreement
A Nigerian law-governed agreement establishing terms and conditions for product-based partnerships between organizations, including commercial and operational frameworks.
Download
Preferred Partner Agreement
A Nigerian law-governed agreement establishing a preferential business relationship between parties, defining terms of partnership and commercial arrangements.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)