A creative/business contract is a document that ensures that disputes between co-founders, usually in a prefabricated company, are kept to a minimum. The document is not legally required to start a business; But it`s a good idea if there`s more than one founder. The purpose of the agreement is to outline roles and responsibilities, capital and commitments, as well as the allocation of intellectual property. When a startup is created between a group of friends or people who trust each other, it may be pointless to establish a creative (or business) agreement, but it is often underestimated how many problems have the potential to arise between the founders. There are many things that people don`t think about or think about before starting a business, so an agreement from a founder can help clarify things and formalize the relationship between co-founders in the business sense. Also, if a start-up forms a little quickly or prematurely from the back of a good idea, the lines around themes such as IP can be blurred. Too often, good business ideas fail because of the lack of agreement or cooperation between the co-founders of a company, so that this agreement will minimize the risks. The project is just another way of saying “your startup.” In this section, you should describe one or two sentences describing what you are doing. It should have an overview of what you are doing, as well as some peculiarities that are special for your startup. Imagine the large part as your elevator distance and peculiarities like what you would say to another geek who asks for more details about what you create. With all the things that go to creating a startup, it can be tempting to forget to design your founding agreement. You`ll be good, won`t you? You`re all buddies.

We trust each other. You`re here together! Note: for your reference, I have linked an exemplary shareholder pact, a restricted rights agreement and an IP divestiture agreement (excuse for the fact that they are Canadian).