Contract of venture capital with limited partnership has seldom limited the behaviors of the investors.The outside investors usually incline to adapt such a free and loose arrangement.Although as a partner,apparently it seems that the outsiders are likely to receive damage,the circulating of venture capital in the operations makes fame restriction replace the contract obligation and the legal status.The fact that venture capitalist and outside investors can freely arrange the content of the agreement makes Venture Capital with Limited Partnership a true reflection of contract liberalism.