50 lines
2.1 KiB
Markdown
50 lines
2.1 KiB
Markdown
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# {{PARTY2}} Contributions to the joint venture
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- {{PARTY2}} will retain all financial control (bank accounts/third party payment processors) of the business.
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- {{PARTY2}} will negotiate and execute a contract [template terms](https://git.knownelement.com/KNEL/KNELContracts/src/branch/main/KNEL-Services-ContractTemplate-AllComponents.md) for IT/business services within 5 calendar days of executing this contract with {{PARTY1}}.
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- {{PARTY2}} will have total control over the:
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- Business Plan
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- Funding / Fundraising
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- Website
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- Application
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- Customers
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- Partners
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- Vendors (as long as they don’t provide a service provided by KNEL) (or a negotiated exception is granted)
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- Employees
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- Contractors
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- Licensing of code
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- Terms of service
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- Pricing
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- Executive team
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- Series LLC members
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- Series LLC operating agreement (other than non override parts from the Turnkey Network Systems LLC operating agreement)
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- TSYS Group board committee for the series
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- etc
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for the following businesses:
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- TeamRental.net
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- RackRental.net (non Richelle franchises) (close consultation / collaboration / code availability on any development done on the RackRental.net microservices)
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- STL (non Richelle franchises) close consultation / collaboration / code availability on any development done on the STL micro services)
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- YourDreamNameHere
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- MerchantsOfHope
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- Redwood Springs Capital Partners (excluding the TopHat Fund) (and any/all other funds that may emerge in the future related to fundraising for Suborbital Systems , HFNOC, HFNFC).
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- Ap4ap.org
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- sol-calc.com micro service (it will remain under its custom license)
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- {{PARTY2}} wants to be a leader, be in the driver seat, put their brand/stamp on everything.
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- {{PARTY2}} has a deep network of relevant personnel/talent , a deep contact network etc to increase the likelihood of success.
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- {{PARTY2}} understands that {{PARTY1}} has no real interest in these ancillary businesses but would like to retain a minority silent stake in exchange for providing the following contributions:
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- brand
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- KNEL back office
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- this contract
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- StartupStarterPackage
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