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A comment on Developer, you may need a co-founder in marketing. Parent comment
But if I was doing it all over again I'd make sure to have a signed one page agreement on some points like this:
- Both agree to work a minimum of xx hours per week on the project
- Both agree on a reasonable hourly rate for each others time and then track your hours while working
- If theres no venture capital then the hourly rate you both 'earn' is in credits towards future profits or equity
- If one person isn't meeting their expected contribution requirements over a reasonable period they forfeit their stake in the business
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But if I was doing it all over again I'd make sure to have a signed one page agreement on some points like this:
- Both agree to work a minimum of xx hours per week on the project
- Both agree on a reasonable hourly rate for each others time and then track your hours while working
- If theres no venture capital then the hourly rate you both 'earn' is in credits towards future profits or equity
- If one person isn't meeting their expected contribution requirements over a reasonable period they forfeit their stake in the business