Agreements Questions


2 Votes
2 Answers
910 Views
Are vested shares the best way to go for a startup company to bring on new people?

We have a Hong Kong company and are trying to launch. We have limited funds but are thinking of hiring someone and paying in shares. However, we don't want to just sell shares and watch our new...

asked Jun 17 '14 at 09:16
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User33966
11 points

0 Votes
2 Answers
1.92K Views
My partner and I, want to bring a CTO on board since we don't have technical background. We already started with our start-up and agreed with the CTO on equity basis, what contract to use?

My partner and I, want to bring a CTO on board since we don't have technical background. We already started with our start-up and agreed with the CTO on equity basis (no investment from his end),...

asked Aug 13 '17 at 14:25
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Zeid A
1 point

2 Votes
3 Answers
995 Views
Bridge Loan from Relative with Verbal Agreement Only

To buy a capital investment and build inventory, a family member wrote a $3,000 personal check to my company. We verbally agreed on terms of 1 year at 10% interest with monthly payments. My...

asked Apr 13 '10 at 06:45
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Clint
695 points

1 Votes
2 Answers
1.03K Views
Starting a business with a co-founder without a corporation?

Could you start a company with a co-founder, and have generic agreements in place, all without registering a corporation?We're bootstrapping our first startup and don't want to spend both money and...

asked Jun 18 '14 at 20:12
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Marion Woodward
9 points

2 Votes
2 Answers
1.84K Views
My employee agreement doesn't allow me to work on side projects, how can I start a company?

Under my agreement with my current employer, they retain ownership of everything that I create, both at work and side projects (the legal wording is very lose on this, and I guess it's like that...

asked Jul 17 '14 at 18:29
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Cristina Rath
12 points

1 Votes
2 Answers
2.43K Views
Should I stand firm to be CEO?

Between me and my 5 other co-founders, we are deciding who will hold the CEO position. It has come down to me and another founder. I was told from one of my other founders that they thought I...

asked Sep 19 '14 at 19:25
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User34135
11 points

0 Votes
1 Answers
551 Views
Agreement template for software development between two partners

Monicka here, Am new to this site so don't know right format to ask question so please help this young entrepreneur. We are having a software service provider company. going to develop a software...

asked Nov 12 '13 at 21:49
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Monicka Akilan
101 points

1 Votes
0 Answers
474 Views
What is the reasonable period of validity for introducing a funding source to a business partner

I'm in the process of creating an agreement with a business partner. He needs investors. I introduce potential investors to him. If someone I introduce to him invests in one of his projects, he is...

asked Nov 17 '13 at 11:15
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Steven
1 point

0 Votes
1 Answers
787 Views
NDA for startups? Business Entity required?

When dealing with NDAs, does the "startup" need to register a business entity in order for the agreement to take place? Say if I only registered for a domain, say onstartup.com, can the NDA...

asked Nov 25 '13 at 02:59
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Andrewliu
101 points

8 Votes
1 Answers
1.13K Views
Profit sharing in a startup: offered 20% of profit

I've been offered 20% of the profit of a new startup if I build the website (which is essential to the business). What types of things should I look for in the agreement that is to be drawn up?

asked Jun 7 '13 at 22:16
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User1477388
143 points

0 Votes
1 Answers
466 Views
Consultant agreement - transactions as loans?

I've been given a paper to sign where it says: You will be paid equivalent when/if SomeCompany makes turnover. Eventually transactions between the parties must be seen as loans. What does that...

asked Jun 17 '13 at 05:45
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User26655
1 point

1 Votes
0 Answers
442 Views
Founding a startup while working

I am working in a banking sector as a software developer and I am in the early stages of founding a Startup. My Startup is no way near/similar related to banking market... As far as...

asked Apr 9 '13 at 23:08
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Coder
28 points

11 Votes
2 Answers
1.03K Views
B2B SAAS business. Enterprise customers keep asking to accept their terms agreements

My business is a B2B SaaS business that I've been running for the last two years. It is self-provisioning, self-service, subscription-based service charged to customers credit cards. Monthly...

asked Mar 23 '13 at 06:53
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Igorek
886 points

1 Votes
2 Answers
512 Views
Protecting oneself from a Technology Assignment Agreement

I am an independent developer (non-employee) who is coding a product for a startup. I have other sub-contracting agreements with other clients. The 'Technology Assignment Agreement' that the...

asked Feb 14 '13 at 01:13
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User24004
8 points

1 Votes
2 Answers
741 Views
Is there a word for "don't dilute my shares faster than yours"?

I am entering discussions where the subject of me receiving equity in a company might be brought up. I would like to know if there is a common business term (manner-of-speaking term) for an...

asked Dec 16 '12 at 23:15
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Roger
106 points

4 Votes
5 Answers
2.02K Views
How to handle partners asking to renegotiate old partnership agreements

In The beginning Around one year ago we build a software company, we needed to quit our jobs, get financing, a product, legal work, accounting work, clients and partnerships with providers. we...

asked Oct 31 '12 at 05:19
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Sd Reyes
156 points

0 Votes
2 Answers
571 Views
Alternative to expensive legal contract review?

I have a partnership agreement I'd like a second opinion on, but I can't afford a lawyer right now. What other resources are out there? I've found a web-based contract review site that uses...

asked Oct 6 '12 at 04:13
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Jim
4 points

1 Votes
3 Answers
735 Views
How to protect my idea?

I am sorry that if it is not the right place to ask this question. I want to sell my idea to a/ a few companies to improve their products. I want to ask them to hire me as this project engineer to...

asked Sep 24 '12 at 06:10
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Marco
130 points

1 Votes
4 Answers
2.02K Views
Operating agreement that protects the company if two members divorce each other

I'm working on an operating agreement for a three member LLC in which two of the members are married. I'd like to include some language that stipulates that in the event the marriage is terminated...

asked Sep 26 '12 at 01:45
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Robert
11 points

2 Votes
2 Answers
690 Views
Partner is leaving, is there any common legal agreement that will allow him to return?

We have a company that has three business partners (all of us are liable for whatever happens in the company). One of the partners is temporarily leaving the company as he can't fulfill his duties...

asked Aug 29 '12 at 18:37
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Kraken
16 points