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1. Parties: Identification and details of all founding members
2. Background: Context of collaboration and business venture
3. Definitions: Key terms used throughout the agreement
4. Roles and Responsibilities: Detailed description of each founder's duties and commitments
5. Equity Distribution: Initial shareholding structure and vesting arrangements
6. Decision Making: Voting rights and governance structure
7. Intellectual Property: Ownership and protection of IP created during collaboration
8. Confidentiality: Protection of business secrets and confidential information
9. Term and Termination: Duration and conditions for ending collaboration
1. Non-Compete: Restrictions on competitive activities (include when founders want to prevent competition after departure)
2. Remuneration: Salary and compensation terms (include when founders will draw salary from the company)
3. External Investment: Process for accepting external funding (include when anticipating future investment rounds)
4. Share Transfer Restrictions: Limitations on transfer of shares (include when founders want to control ownership changes)
1. Business Plan: Detailed plan of the business venture
2. Vesting Schedule: Detailed timeline of equity vesting
3. IP Schedule: List of existing IP brought into the venture
4. Founder Details: Detailed information about each founder's background and expertise
5. Initial Capital Contributions: Schedule of initial investments by each founder
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