Entrepreneurs and their start-up ventures are drivers of today’s economy. But a great idea and enthusiastic partners are not enough. In order to create the best conditions for success, entrepreneurs need to ensure their businesses start off with a strong legal foundation.
ICC’s Model Contracts for Start-ups provide a set of balanced legal models that will save new companies time and legal costs when negotiating and drafting agreements with investors and employees.
The models – Model Term Sheet, Model Shareholders Agreement, Model Directors Services/Management Agreement, Model Employment Agreement, Model Conﬁdentiality Agreement and a checklist of issues to consider related to assignment and transfer of intellectual property rights – can be adapted to ﬁt the particular circumstances of the transaction and will allow young businesses to engage legal counsel at a later stage in the process, to help ﬁnalize the contracts in accordance with local requirements, saving precious time and money.