Startup Contractor Agreement

The people you hire to work in your startup are either employees or independent contractors (usually called consultants by startups). Every founder of your startup has helped become a founder. This contribution could be cash, property, services provided, a debt instrument or a combination of those mentioned above, or even a commitment of one of the above points. Different states also have their own criteria. You should check the state your startup is in as well as any states where you hire to see what their criteria are. A practical document, if your startup buys technology from others, is a brief IP assignment agreement that describes the intellectual property you receive and guarantees that whoever gives it to you has the right to do so. Do you know of any other good resources for legal issues for startups? Make a suggestion or ask a question! Paid interns are a kind of employee. To hire a paid intern, a startup should use a letter of offer and a CIIA agreement, just like any other employee. Luckily, we`ve created a whole guide to startups` equity. Look at Startup Equity 101 for everything you need to know for this section. This document is essential for any startup that employs staff or hands over business elements to third parties.

These agreements define the rights and obligations between you and your employees/contractors – for example, the type of work they will perform, how long and what salary, what rights or fees your startup will pay to the employee/contractor. In addition, all startups should implement a process to manage their contracts from the outset. Preferably, install a secure contractual repository and set at least warnings for important dates – it`s much easier to set a process and take control when you have 10 contracts. If you want to have 1000, the task of organizing them becomes much more daunting. 5. Get a second opinion. But legal opinions are not the only opinions! It may also be a good idea to ask a venturer, or even an advisor, to look at your founding agreement. (You can blacken all personal or financial information if it makes you more comfortable.) Generally speaking, a startup with a clear vision and a clear goal will know what it wants to offer its targeted customers and what it wants from its suppliers.

This information should be part of the company`s strategic plan and can be used to adapt standard contracts that will later serve as a starting point for negotiations with potential customers and suppliers. . . .