INVESTMENT PARTNERSHIP AGREEMENT AS A LEGAL FORM OF VENTURE FINANCING

Abstract

this article is dedicated to the analysis of the features of the investment partnership contract as a legal form of venture investment. The author reveals the key features of the investment partnership, which allow delimitation from the adjacent legal phenomena. The advantages of venture business in the form of an investment partnership are highlighted: the possibility of simultaneous participation of investors in several investment partnerships; the possibility of the investor to exit from the investment partnership; the absence of restrictions related to the participation of non-profit organizations in the investment partnership; the possibility of making incremental contributions and imposing sanctions when they are not implemented; maximum confidentiality of joint activities; limitation of investor responsibility; a relatively simple and rapid procedure of terminating the activity. Based on the conducted research, the author concluded that investment partnership is the most flexible and effective legal structure that meets the specific requirements of international and domestic business practices for implementing venture investments.