Hilary Rowland

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Funding Documents for Startups

What about during the "looking for a co-founder" or "interviewing a potential CTO" stage? I need a contract to give to potential programming / CTO partners for an internet company based on my idea. It needs to have an NDA and Non-Compete (do I have to pay them a nominal fee to make that valid?) It also needs something stating that if I deem that progress isn't being made or that we're not a good fit as partners, that I can cancel the contract at any time (before we create an official partnership agreement, which will nullify that.) If they choose to discontinue our relationship, or I choose to cancel the agreement (like, say, if they start ignoring me), that they have to give me the code they worked on so far (which would be based on my business idea).

Posted 8 years ago