The Center for Innovation Ethics
Project Description:
We host seminars to train the next generation of founders, investors, and service providers to deliver us a much, much, much, MUCH better world than the trash the last innovation dynamic gave us.
Capital contribution of each founder:
The founders agree to split all costs equally with AR/Cash as required for the development and maintenance of the platform and protection of company resources from the time of this agreement. No founder is required to make an initial capital contribution.
Percentage of shares to be held by each founder:
The founders agree to an equal split of any shares, units, or other methods of ownership assignment.
Remuneration of Founders:
The founders agree to no remuneration until after a series A round of funding, acquisition, or until this agreement is replaced via incorporation.
Role of each founder:
Ideatrek will be responsible for all institutional backend, operational, and reporting responsibilities
Roger B Hunt III // 238 Causeway St, Medfield, MA 02052, USA // I will be overseeing all operations and participating in seminars and recruitment. I forfeit my founders credit to the EPE pool, but retain ideator credit!
Whether the founders are restricted from competing with the business of the company after they exit:
The founders may work on other businesses during the life of the company until otherwise required by future agreements. However, the founders are not allowed to share company secrets, technology, or intellectual property with other ventures unless permitted by the other founders in writing.
How the company’s confidential information and intellectual property will be protected:
No founder shall share, sell or otherwise disseminate any information regarding company business with any outside party for the life of the company until a future agreement is reached.