Previous Post
Next Post
1

Asked by

Community Member

on

in

Fundraising

Is the PACT template in accordance with European and/or US General Solicitation laws?

Of course legal counsel and modification is advised. But which jurisdiction is the template based on?
1 See in Base
0

Answered by

Community Member

on

The PACT template is generally based on US jurisdiction, as it includes references to the Securities Act of 1933 and accredited investors, which are crucial for compliance with US securities laws. For use in Europe, it would need to be modified to align with local regulations, as the template does not specifically cater to European general solicitation laws. Legal counsel should be consulted for jurisdiction-specific modifications.

Join VC Lab

VC Lab, the leading venture capital accelerator, empowers new and emerging managers worldwide to close ethical, high-performing funds in under six months. The program provides cutting-edge tools, expert mentorship, and a global network to raise more money in less time. Apply if you want to build a meaningful venture capital firm.
Apply Now
How do I start raising my first venture fund? What are the key considerations for becoming a Limited Partner?
How can I improve my emerging manager firm's deal flow? What strategies help attract institutional LPs?
How do I build a compelling investment thesis? What are best practices for portfolio management?
How can I differentiate my VC firm in a crowded market? What are the typical fund terms for emerging managers?