The Startup Checklist

Appendix FSample Founder Accord

THIS FOUNDER ACCORD among the Founders of XXX, Inc. memorializes the respective rights and obligations of the Founders prior to the creation and execution of customary corporate actions and long-form agreements pertaining to these matters (“Formal Setup”). The terms and conditions specified in this Founder Accord shall control any future disagreements among the Founders with respect to the matters covered herein until such time as the Company completes the Formal Setup consistent with the terms of this Founder Accord to supersede it. The Founders anticipate completing the Formal Setup in connection either with the Company's initial financing or at such time that the Company's revenues are sufficient to permit such expenditures, but desire to enter into this agreement to confirm their collective understanding, and for this agreement to be legally binding, as to the matters sufficiently described herein.

Issue	Agreement	Notes
Company/Status	To be incorporated as a Delaware corp.	Full organization, capitalization to be completed as determined by the Founders
Business Idea	Half-hour comedy “television” program utilizing overt and exaggerated slapstick humor.	“Television” is an emerging technology that transmits cinematic images directly into a magic box installed in individual homes. These images can then be viewed in your living room.
Founders	Larry, Moe, & Curly
Equity	Larry: XX%Moe: XX%Curly: XX%	Equity to be allocated upon corporate ...