Legal Advice
Terms discussed and agreed: -3 months period to see how well we can work together. -Agreement with no compensation until business starts to make money. -Volunteers hours in exchange for Business development experience supporting an early stage startup -20/25hrs per week Initial contribution: -Offer some support on creating the brand -Research, identify, and negotiate partnerships with businesses who can enhance business offerings -Collaborate with the marketing team to target and recruit new users -Email tips and tricks to better land meetings with busy people -Represent business in meetings and industry events as well as put together top level creative presentations that help generate excitement for new partnership ideas.
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Answers
Mentor, Entrepreneur, Lawyer, Public Speaker
Hi
The terms that you are describing our much more common in a founders/partnership agreement, and less common to an NDA.
Either way, there are a few issues missing in the conditions that you described, 3 of the most important ones being (1) the waiver of Intellectual Property rights, (2) the separating/firing of a founder/contributor and (3) the fact that there is no such thing (in most countries) as a "volunteer" (unless your business is an old age home and the volunteer comes more or less when he wants).
I've successfully helped over 300 entrepreneurs and I would be happy to help you. Good luck
Answered about 5 years ago