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Ask HN: Template contract between two co-founders?
7 points by sentinel on June 17, 2011 | hide | past | favorite | 1 comment
Hello everybody. A friend of mine and myself are thinking of starting up a little side project.

If this turns out to be successful, we'd like to have a contract in place that assures stuff like we get 50-50, important decisions must be taken by both of us etc. in general have an initial contract set up between the two of us.

Has anyone had experience with this and can you give some advice? Are there some online templates/samples of contracts like this?

Thanks!



Make sure you also have a chat with your friend about the difficult stuff: what happens if one of you doesn't pull their weight; when is it OK to accept the business isn't working; at what price will you sell your stake; and so on. If you have this worked out in advance, there's less of a chance of destroying your friendship.




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