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Equal Ownership Contract
"I need an Equal Ownership Contract for a new tech startup between three co-founders, where we'll all have equal voting rights and profit shares, with specific provisions for future funding rounds and IP protection, to be effective from March 2025."
1. Parties: Identifies and defines all parties to the agreement
2. Background: Sets out the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Ownership Structure: Details the equal ownership arrangement and percentages
5. Management Rights: Outlines how decisions will be made and by whom
6. Financial Provisions: Covers profit sharing, losses, and capital contributions
7. Transfer Restrictions: Rules regarding the sale or transfer of ownership interests
1. Deadlock Resolution: Procedures for resolving disputes between equal owners - include when specific dispute resolution mechanisms are needed
2. Exit Provisions: Procedures for owner withdrawal or exit - include when specific exit mechanisms are desired
3. Non-compete Provisions: Restrictions on competitive activities - include when protecting business interests from competition is required
1. Schedule 1: Initial Capital Contributions: Details of initial investments made by each party
2. Schedule 2: Business Plan: Initial business plan and strategic objectives
3. Schedule 3: Asset Register: List of assets owned by the business
4. Appendix A: Voting Procedures: Detailed procedures for decision-making
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