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Business Prenup
"I need a Business Prenup for my new tech startup with two co-founders, where we'll have unequal capital contributions but want equal voting rights, and need strong IP protection clauses as we're developing proprietary software."
1. Parties: Identification and details of all business partners
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Business Structure: Legal form and ownership structure of the business
5. Capital Contributions: Initial and ongoing financial commitments of each partner
6. Profit and Loss Sharing: Distribution of profits and allocation of losses between partners
7. Management Rights: Decision-making authority, voting rights, and management processes
8. Exit Provisions: Procedures for partner withdrawal, termination, and business dissolution
1. Intellectual Property Rights: Ownership and usage rights of business IP, including pre-existing IP and newly developed IP
2. Non-Compete Provisions: Restrictions on competitive activities during and after partnership
3. International Operations: Provisions governing cross-border business activities and jurisdiction
4. Dispute Resolution: Procedures for resolving disputes between partners, including mediation and arbitration
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of partner investments and valuations
2. Schedule 2: Business Plan: Initial business strategy, projections, and milestones
3. Schedule 3: Valuation Methodology: Agreed methods for business valuation in case of exit or dispute
4. Appendix A: Partner Details: Comprehensive information about partners including contact details and roles
5. Appendix B: Asset Register: List of business assets, ownership details, and valuations
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