CONTRACT WITH START UP
DIGITAL STARTUP CONTRACT
This Digital Startup Contract (the "Contract") is entered into on this [Date] (the "Effective Date") between:
1. MATTALNET GRUPP OÜ, a company registered in Estonia under Registration Code: 14744075, EORI: 14744075, VAT: EE102519059, and having its registered address at 10120 Tallinn, Tuukri 19-315, hereinafter referred to as the "Company."
2. [Startup Name], an entity, with a registered address at [Startup Address], hereinafter referred to as the "Startup."
Collectively referred to as the "Parties."
WHEREAS, the Company and the Startup wish to enter into a collaboration agreement to jointly develop and operate a digital startup as further described herein;
NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Parties agree as follows:
1. PURPOSE OF THE CONTRACT
1.1. Purpose: The purpose of this Contract is to establish the terms and conditions governing the development, operation, and management of the digital startup (the "Startup") described as follows: [Brief Description of Startup Business].
2. ROLES AND RESPONSIBILITIES
2.1. Company's Responsibilities: The Company shall provide the following support and resources to the Startup:
a. [Specify the Company's responsibilities, e.g., funding, technical expertise, marketing support, etc.].
2.2. Startup's Responsibilities: The Startup shall be responsible for:
a. [Specify the Startup's responsibilities, e.g., product development, daily operations, reporting, etc.].
3. OWNERSHIP AND EQUITY
3.1. Equity Distribution: The Parties agree to the following equity distribution in the Startup:
a. Company's Equity Ownership: [Percentage] percent (%) equity ownership.
b. Startup's Equity Ownership: [Percentage] percent (%) equity ownership.
c. nvestment Amount: The Investor shall invest [Amount in Currency] (the "Investment Amount") in the Startup in exchange for [Percentage] percent (%) equity ownership in the Startup.
3.2. Vesting: The equity ownership shall be subject to a [Vesting Period] year vesting period, with a [Cliff Period] month cliff period.
4. CONFIDENTIALITY
4.1. Confidential Information: Both Parties agree to keep all non-public information, data, and materials provided by each other confidential.
4.2. Exceptions: Confidentiality shall not apply to information that is publicly available, independently developed, or required to be disclosed by law.
5. TERM AND TERMINATION
5.1. Term: This Contract shall commence on the Effective Date and shall continue until terminated by either Party with [Notice Period] written notice.
5.2. Termination for Cause: Either Party may terminate this Contract immediately for cause, including but not limited to a material breach of this Contract by the other Party.
6. GOVERNING LAW
This Contract shall be governed by and construed in accordance with the laws of Estonia.
7. ENTIRE AGREEMENT
This Contract constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, representations, and understandings.
IN WITNESS WHEREOF, the Parties hereto have executed this Digital Startup Contract as of the Effective Date.
MATTALNET GRUPP OÜ
Registration Code: 14744075
EORI: 14744075
VAT: EE102519059
Address: 10120 Tallinn, Tuukri 19-315
[Startup Name]
By: ____________________________
Name: [Name]
Date: ____________________________