Model Documents

Introduction

The Hungarian Venture Capital Association (HVCA), through its model document repository, aims to facilitate the development and use of standard documents based on common practice in the Hungarian venture capital and private equity industry.

The goal is for the model document repository to ease the transactional and corporate financing practices of startups and investors.

HVCA makes the model documents available free of charge in the hope of contributing to the education of the Hungarian startup community and, more broadly, of enterprises seeking venture capital financing, while accelerating the processes of company formation and early-stage investments.

These model documents serve merely as a starting point and must be applied to the specific circumstances at hand, as no two startups or venture capital transactions are identical.

The first versions of the documents were released on a trial basis in December 2025. The documents were prepared by HVCA full and associated members (Hungarian law firms): Impact Ventures, Szecskay Attorneys at Law, A&O Shearman Kádár Law Firm, Jalsovszky Attorneys at Law, Papp Dániel Attorney at Law, Csővári Legal, Lakatos és Köves Law Firm, CMS Law Firm, Hubbes és Kovács Attorney at Law, Day One Capital, FundWise és Interactive Venture Partners.

General comments and questions regarding the documents should be sent to the HVCA Legal Committee at jogibizottsag@hvca.hu, as the Legal Committee will continue to update the documents in the future based on market participants’ feedback.

Feedback on the first test documentation is welcome until January 31, 2026, and discussions regarding the feedback will be scheduled during Q1 2026 with updates.

Neither HVCA nor the HVCA members, fund managers, law firms, or lawyers involved in the preparation of the documents accept any responsibility for the content of the documents or the consequences of their use, and none of the documents constitute legal advice regarding specific facts or circumstances.

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