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Memorandum Of Association Of Software Development Company
"I need a Memorandum Of Association Of Software Development Company for a Delaware-based startup focusing on AI software development, with three founding members and an initial authorized capital of $1 million, to be filed by March 2025."
1. Company Name and Formation: Legal name of the company and declaration of incorporation
2. Registered Office: Official address and registered office location
3. Purpose and Objects: Primary business objectives and permitted activities, including software development services
4. Share Capital: Details of authorized share capital and share classes
5. Liability: Statement of limited liability of members
6. Initial Subscribers: Names and details of founding members/shareholders
1. Special Rights: Special rights attached to different share classes, used when multiple share classes are planned
2. Pre-emptive Rights: Rights of existing shareholders for new share issues, used when protecting existing shareholders' interests
3. Intellectual Property Provisions: Special provisions for IP ownership and protection, recommended for software development companies
1. Schedule A - Initial Shareholders: Detailed list of initial shareholders and their shareholdings
2. Schedule B - Share Capital Structure: Detailed breakdown of share classes and associated rights
3. Schedule C - Initial Directors: List of first directors and their details
4. Schedule D - Intellectual Property: List of initial IP assets being transferred to company, including software assets and technologies
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