Project Collaboration Agreement for new projects with two partners
Checkout this list of companies started during the Great Recession:
Airbnb, Cloudflare, Github, Sendgrid, Square, Stripe, Twilio, Uber, WhatsApp
And that’s only the ones that I felt like you’d probably recognize!
So with the 2020 recession seemingly underway, it’s time to start thinking about the great new projects you’re going to start in your newfound free time. I mean, focusing on that side project is gonna be fun and easy when you’re stuck in coronavirus quarantine! Assuming you don’t have kids, anyway.
Seriously though, regardless of when they happen or under what circumstances (dire or otherwise) many new projects start out as two-person, product-oriented startups.
I’ve had my fair share of these kinds of startup projects and I like to apply lean startup principles right from the start. If you’re not sure whether you have a viable product idea, I just don’t think there’s any sense in jumping through legal hurdles right from the start.
For those situations I developed a lightweight contract called a Project Collaboration Agreement. It’s not meant to be bulletproof or full of legalese, but it is legally binding. It establishes reasonable terms for an…
