Glossary

General Partner

A general partner is someone who jointly owns a business and has unlimited liability. They have the power to make business decisions without the prior approval of other partners. They usually run VC firms and deal with the day-to-day running. This is different from Limited Partners.
This glossary provides an overview of some key legal terms for startups. It's essential to consult with a legal professional to ensure a comprehensive understanding of these terms and their implications for your specific situation.

People also read

Dilution
A reduction in the ownership percentage of a shareholder due to the issuance of new shares in the company. As new shares are issued, the proportion of the company each shareholder owns decreases, potentially affecting their control, influence, and value of their investment.
Unilateral Contract
A unilateral contract is a type of contract in which one party promises payment to another in exchange for a specific act.
Crossover Investors
Crossover investors are concerned more with short-term gains than long-term returns on their investments.

Get your legal covered so you can go back to doing business.

Discover how we can transform your startup today.
Get free legal support
Every month we share upcoming funding opportunities, events, startup news and legal tips in our free newsletter. Be the first to get the updates.
Sign up to our newsletter
We partner with the best startup organisations, accelerators, incubators and venture firms
© SuLe Hub Limited.
SuLe Hub is a registered trademark of SuLe Hub Limited.
Terms and ConditionsPrivacy PolicyRules of Acceptable UseCookie PolicyTerms of Engagement
Cookie Settings
By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage and assist in our marketing efforts. View our Cookie Policy for more information.
Accept All
Reject All
Cookie Settings
Cookie Settings
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage and assist in our marketing efforts. View our Cookie Policy for more information.