Legal: Fund Formation

In this 3-part series on venture fund formation and legal strategies, we will share an overview of the legal documents required for fund formation and discuss which elements are standard or open for negotiation and customization with answers from the knowledgeable minds at Wilson Sonsini Goodrich & Rosati. In this first piece, we will 1) outline all of the basic legal documents required for fund formation, 2) mention which documents are often negotiated (to be covered in greater detail in subsequent posts, and 3) share a selection of sample documentation for reference…

View Example: Certificate of Formation for General Partner
View Example: Initial LLC Operating Agreement
View Example: Certificate of Limited Partnership for Fund
View Example: Subscription Agreement
View Example: Initial Limited Partnership Agreement - ILPA
View Example: Non-Disclosure Agreement
View Example: Deck Disclaimer
View Example: Term Sheet
View Example: Expression of Interest in Investing
View Example: Closing Checklist