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What is your vesting Period? Vesting Period – This includes the time duration of the work efforts from partners so they can claim ownership of business.
What do you consider specific performance for each partner? Performance criteria – You should be able to write specific clarification of the roles and responsibilities of the partner in case each partner is required to wear multiple hats.
What type of equity do you expect? Type of equity – If you are working for gaining stock in return of your efforts, you will need to mention in the agreement about the type and quantity of shares you will be receiving.
Is this Partnership the beginning of a conglomerate idea? Type of business entity – Is it an LLC, S Corporation, or C Corporation? To avoid any ambiguity in future, you should specify this in the agreement.
What do you consider no-fly zone investments? Separation Criteria – At times, there might be situations in business that may not be in your favor. No investment is ever a solid guarantee. To avoid any issues, specify the conditions in which you agree to eliminate in your role from this business.
Corporeal v Incorporeal.. Contribution – Are you equipped with specialized knowledge, experience, and noticeable skills that could skyrocket business growth? Or is this just a Capital material investment being made?
How may EDU Help? Please feel free to outline what your expectations of EDU are?
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