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Set of standard forms launched to aid startup founders and venture capitalists

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Singapore

A SUITE of standard-form documents has been launched to make the process of structuring a deal faster and more cost-efficient for startup founders and venture capitalists.

The set of contracts, called the Venture Capital Investment Model Agreements (VIMA), hews closely to the essential requirements of startups, investors and the legal industry, and balances the interests of both investor and startup, said the two bodies behind the joint initiative.

They are the Singapore Academy of Law (SAL) and the Singapore Venture Capital & Private Equity Association (SVCA).

VIMA is targeted at companies in the early stages of funding, namely pre-Series A and Series A rounds of funding. It comprises...

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