Clues. Any notification or other communication required or authorized under this contract may be addressed to the recipient at the address listed above or at any other address that this party may indicate from time to time and are considered to be duly provided (A) upon delivery when delivered by hand; and (B) if something else is served, if a written acknowledgment is obtained from the recipient (i); or (ii) a nationally recognized factor. 4. Necessary actions. As soon as it is established by a simple majority that the Corporation is incorporated and created, each founder of the company grants and enters into force immediately after its creation the fullty of its right, property and interest in the product or service (including all rights, titles and interests of intellectual property, including all rights, titles and interests of intellectual property , including the waiving of all moral rights and the awarding of all patents, industrial designs, trademarks, trademarks, copyrights, trade secrets, ideas (though trained or uneducated) and work products resulting from a work or work related to the product or service, for the duration of these rights (transmission“). This transfer is made in accordance with a confidentiality agreement and transfer of intellectual property in favour of the company. Any founder will make such a transfer without being entitled to compensation, in any way, at the time of the transfer and at a later date. Each founder must also perform all acts and perform all documents and instruments that the Corporation requires at its sole discretion in order to perfect the title in the transfer to the product or service and all related intellectual property rights (the „necessary acts“). In the absence of a founder as a partner of the company, the company dissolves and this contract immediately ends with the liquidation of the company and the allocation of its assets and liabilities in accordance with this agreement. By signing below, each founder indicates that he accepts the terms of this agreement in its entirety at the time of the first written time and assures the company and any other founder that he has read and understood the agreement in its entirety and that, to the knowledge of any founder, no law or third-party commitment would prevent any founder from concluding and implementing the agreement in its entirety. For simplicity`s sake, this agreement can be executed electronically and in your counterparties.
Each counterparty is binding and all constitute the same instrument. What will you do if there is a dispute over something in this agreement? In this section, you will explain this approach. Many startup founders decide that any dispute with the founding agreement will be settled by binding arbitration, but it`s up to you and your co-founders to decide what you want to do. A business creation agreement is a legal contract concluded by the founders of a startup. It can cover everything from the one who is involved until they have contributed to what happens when someone leaves.
