If regulatory frameworks change significantly (e.g., new SEC rules or EU venture fund regulations), how easily can the fund adapt without a complete renegotiation of the LPA?
I believe the question says everything. Is there any best practice?
I believe the question says everything. Is there any best practice?
Many contracts in Delaware include clauses that exclude or limit consequential damages. Courts will generally enforce these limitations, but the specific language used is crucial. https://info.dechert.com/10/8352/landing-pages/like-bigfoot--a-clear-and-settled-definition-of--consequential-damages--remains-elusive.asp?sid=d79f0805-0041-47fc-8610-79df273d094e