The Legal Research On The NVCA Model Documents For VC Investment

American VC investment educate the high-tech giant such as the Micro-soft, google and promote American economy to keep on prosperity from the 50's in the 20 century.The United States is the flourishing and representative VC investment nation nowadays.The VC investment obtain huge success in the United States and is transplanted by other nations such as England,Japanese etc. It is very important for our VC investment to learn from AmericanVC successful experiences.The writer throw in the research of the American VC investment based on this kind of consideration. the past research data shows much concentrations are in the economics and macroscopic legal system .The research of VC investment contract is obviously not enough.Therefore,this thesis mainly concentrate on the VC investment model contract drawed by the NVCA in the micro-level of the VC investment research.The American VC investment model contract is comprehensively analyzised by normative, economical and comparison method. The American VC investment model contract consist of term sheet, series A preferred stock purchase agreement and the exhibits. The contract concrete provision is analyzised, together with its legal effect and legal liability. Based on this foundation, I make some suggestions for Chinese VC investment development.This thesis is divided into three parts, including 6 chapters. The first part is the background introduction of the American VC investment. Chapter 1 is to introduce American VC investment industry and American VC investment legal system. The second part is the content analysis of the VC investment contract. Chapter 2 is the general law of the contract, involving the parties of contract etc. The arriving chapter 3- 5 is American VC investment detailed provision, the law analysis of the term sheet and the exhibits. The third part is chapter 6, introducing an American VC investment model contract's apocalypse to our country.The creative place in the thesis is the synthetic and systemic analysis to make contract provision clear and dismiss the misunderstanding. The research of the foundation of VC investment contract is advantageous for us to absorb the essence of the American VC investment and promote the development and the prosperity of the Chinese VC investment.