I require the draft of a VC agreement based on the agreed principles, and below are some of the key terms that need to be included in the agreement:
1. The nature of the business.
2. The contribution of each partner (We will contribute the capital needed, and you will provide the knowledge and technical expertise required).
3. Authorized withdrawals.
4. The control and authority of partners.
5. The procedure and treatment of partners' interests upon death or retirement.
6. Settlement of disputes between partners.
7. Interest on capital and withdrawals.
8. Directors' powers and responsibilities.