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Business Co Ownership Agreement
"I need a Business Co-Ownership Agreement for a technology startup in Zurich with three equal co-founders, where we'll all be working full-time in the business and need specific provisions for intellectual property protection and future investment rounds."
1. Parties: Identification and details of all co-owners entering into the agreement
2. Background: Context of the agreement, including business purpose and circumstances leading to co-ownership
3. Definitions: Definitions of key terms used throughout the agreement
4. Business Purpose and Scope: Detailed description of the business activities and its operational scope
5. Ownership Structure: Specification of ownership percentages and capital contributions
6. Capital Contributions: Details of initial and any required future capital contributions
7. Management and Decision Making: Governance structure, voting rights, and decision-making processes
8. Profit and Loss Allocation: Formula and procedures for distributing profits and losses
9. Rights and Obligations: Detailed responsibilities and rights of each co-owner
10. Transfer of Ownership: Rules and procedures for transferring ownership interests
11. Non-Competition and Confidentiality: Restrictions on competitive activities and handling of confidential information
12. Dispute Resolution: Procedures for resolving disagreements between co-owners
13. Termination: Conditions and procedures for terminating the agreement or exit of co-owners
14. Governing Law: Specification of Swiss law as governing law and jurisdiction
1. Intellectual Property Rights: Provisions regarding ownership and use of intellectual property, necessary when the business involves significant IP assets
2. Employment of Co-Owners: Terms for co-owners working in the business, relevant when owners take active operational roles
3. Insurance Requirements: Specific insurance obligations, important for high-risk businesses
4. International Operations: Provisions for international business activities, needed when operating across borders
5. External Financing: Procedures for obtaining and managing external financing, relevant when business plan includes external funding
6. Death or Incapacity: Succession planning and procedures in case of death or incapacity of a co-owner
7. Digital Assets and Cybersecurity: Provisions for managing digital assets and cybersecurity responsibilities, relevant for technology-focused businesses
8. Environmental Compliance: Environmental obligations and responsibilities, necessary for businesses with environmental impact
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of each owner's initial capital contributions, including valuations of non-cash contributions
2. Schedule 2: Business Plan: Initial business plan and strategic objectives
3. Schedule 3: Management Structure: Detailed organizational chart and management responsibilities
4. Schedule 4: Profit Distribution Formula: Detailed calculations and examples of profit/loss distribution
5. Schedule 5: Asset Register: List of all business assets and their ownership status
6. Appendix A: Valuation Methodology: Agreed methods for valuing business interests for transfer or exit purposes
7. Appendix B: Required Insurances: List of required insurance policies and minimum coverage levels
8. Appendix C: Authorized Signatories: List of authorized signatories and their signing powers
Authors
Technology and Software
Professional Services
Manufacturing
Retail and E-commerce
Healthcare and Medical Practices
Hospitality and Tourism
Construction and Real Estate
Financial Services
Creative and Media Agencies
Consulting Services
Agriculture and Food Production
Education and Training
Legal
Executive Leadership
Corporate Governance
Finance
Compliance
Business Development
Operations
Strategic Planning
Risk Management
Investment
Business Owner
Managing Director
Chief Executive Officer
Chief Financial Officer
Company Secretary
Legal Counsel
Business Development Manager
Partnership Manager
Corporate Lawyer
Investment Manager
Startup Founder
Family Business Manager
Operations Director
Board Member
Compliance Officer
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