Venture Partner Agreement for Nigeria

Venture Partner Agreement Template for Nigeria

A comprehensive legal agreement governed by Nigerian law that establishes and regulates the relationship between a venture capital firm and a venture partner. The document outlines the terms of engagement, compensation structure, responsibilities, and obligations of the venture partner while ensuring compliance with Nigerian corporate law, investment regulations, and relevant financial services legislation. It includes provisions for deal sourcing, investment evaluation, portfolio management, and carried interest arrangements, while incorporating necessary safeguards for confidentiality and intellectual property protection within the Nigerian legal framework.

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.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Venture Partner Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Venture Partner Agreement?

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.

What sections should be included in a Venture Partner Agreement?

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

What sections are optional to include in a Venture Partner Agreement?

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

What schedules should be included in a Venture Partner Agreement?

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

Authors

Alex Denne

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

Jurisdiction

Nigeria

Publisher

Genie AI

Cost

Free to use
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

Industries
Companies and Allied Matters Act (CAMA) 2020: Primary legislation governing business operations in Nigeria, including partnership formations, corporate structures, and business relationships
Investment and Securities Act 2007: Regulates investment and securities matters, relevant for venture capital arrangements and investment structures
Nigerian Investment Promotion Commission Act: Governs foreign investments and partnerships in Nigerian businesses, including registration requirements and investment protections
Federal Competition and Consumer Protection Act 2018: Regulates competition and business practices, including partnership arrangements that might affect market competition
Patents and Designs Act: Relevant for protecting intellectual property rights in venture partnerships, especially for technology-focused ventures
Contract Laws (Common Law principles): General principles of contract law applicable in Nigeria, governing formation and enforcement of agreements
Companies Income Tax Act: Governs taxation of business entities and partnerships, important for structuring profit-sharing arrangements
Labour Act: Relevant if the venture partnership involves employment relationships or contractor arrangements
Foreign Exchange (Monitoring and Miscellaneous Provisions) Act: Regulates foreign exchange transactions and international fund transfers in venture partnerships
Money Laundering (Prevention and Prohibition) Act 2022: Ensures compliance with anti-money laundering regulations in business partnerships and investments
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

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.

find out more

Partnership Agreement Letter

A legally binding document under Nigerian law that establishes and governs business partnerships, outlining key terms and responsibilities between partners.

find out more

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.

find out more

Private Limited Company Partnership Agreement

A Nigerian law-governed agreement establishing partnership terms and conditions for shareholders in a private limited company.

find out more

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.

find out more

Ending Partnership Agreement

A legal agreement for dissolving a business partnership under Nigerian law, detailing terms of separation and asset distribution.

find out more

Technology Partner Agreement

A Nigerian law-governed agreement establishing terms and conditions for technology partnerships, ensuring compliance with local technology and data protection regulations.

find out more

Precedent Partnership Agreement

A Nigerian law-governed agreement establishing the terms and conditions for business partnerships, including partner rights, obligations, and operational framework.

find out more

Reseller Partnership Agreement

A Nigerian law-governed agreement establishing terms and conditions between a supplier/manufacturer and reseller for product distribution and sales.

find out more

Contract For LLC Partnership

Nigerian law-compliant agreement establishing an LLC Partnership structure, defining partner rights and obligations under CAMA 2020.

find out more

Joint Venture Partnership Agreement

A Nigerian law-governed agreement establishing a joint venture partnership, defining business collaboration terms and partner obligations.

find out more

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.

find out more

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.

find out more

Business Alliance Agreement

A Nigerian law-governed agreement establishing a strategic business relationship between parties, defining their alliance terms, responsibilities, and mutual obligations.

find out more

Distributorship Contract

A Nigerian law-governed agreement establishing terms and conditions for product distribution relationships between suppliers and distributors in Nigerian territory.

find out more

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.

find out more

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.

find out more

Partnership Deed

A legal agreement under Nigerian law establishing and regulating a business partnership, detailing partners' rights, responsibilities, and operational framework.

find out more

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.

find out more

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.

find out more

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.

find out more

Limited Partnership Contract

A Nigerian law-governed agreement establishing a limited partnership structure, defining roles, responsibilities, and relationships between general and limited partners.

find out more

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.

find out more

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.

find out more

Technical Partnership Agreement

A Nigerian law-governed agreement establishing technical collaboration between parties, ensuring compliance with NOTAP requirements and local content laws.

find out more

Strategic Alliance Partnership Agreement

A Nigerian law-governed agreement establishing a strategic partnership between independent entities, defining their collaboration terms and mutual obligations.

find out more

Startup Partnership Agreement

A Nigerian law-governed agreement establishing the terms and conditions of a startup partnership, including ownership, management, and operational provisions.

find out more

Software Partnership Agreement

A Nigerian law-governed agreement establishing partnership terms for software development and distribution, including IP rights, profit sharing, and operational responsibilities.

find out more

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.

find out more

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.

find out more

Revenue Share Partnership Agreement

A Nigerian law-governed agreement establishing a partnership arrangement with revenue sharing terms between multiple parties.

find out more

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.

find out more

Salaried Partner Agreement

A Nigerian law-governed agreement establishing terms and conditions for appointment of a salaried partner in a professional services firm.

find out more

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.

find out more

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.

find out more

Property Partnership Agreement

A Nigerian law-governed agreement establishing partnership arrangements for property ownership, development, or management, detailing partners' rights, responsibilities, and operational framework.

find out more

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.

find out more

Profit And Loss Partnership Agreement

A Nigerian law-governed agreement establishing a partnership between parties, defining profit-sharing, management, and operational terms.

find out more

Product Partnership Agreement

A Nigerian law-governed agreement establishing terms and conditions for product-based partnerships between organizations, including commercial and operational frameworks.

find out more

Preferred Partner Agreement

A Nigerian law-governed agreement establishing a preferential business relationship between parties, defining terms of partnership and commercial arrangements.

find out more
See more related templates

Genie’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; Genie’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

2 Docs LeftAccess Now