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Ask about anything related to venture legal, including LPAs, SAFEs, fund formation, limited operations mode, and conflicts on interest. The knowledge base incorporates expert answers to legal questions in multiple fund domiciles.

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Venture Legal

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?

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Community Member

Mar 16, 2025

I believe the question says everything. Is there any best practice?

Venture Legal

Why doesn't the cornerstone LPA contain an exclusion of consequential damages?

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Gaston Bilder

Mar 15, 2025

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