TSYSGroup-JointVentureProposal/Party2-Contributions.md

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{{PARTY2}} Contributions to the joint venture

  • {{PARTY2}} will retain all financial control (bank accounts/third party payment processors) of the business.

  • {{PARTY2}} will negotiate and execute a contract template terms for IT/business services within 5 calendar days of executing this contract with {{PARTY1}}.

  • {{PARTY2}} will have total control over the:

  • Business Plan

  • Funding / Fundraising

  • Website

  • Application

  • Customers

  • Partners

  • Vendors (as long as they dont provide a service provided by KNEL) (or a negotiated exception is granted)

  • Employees

  • Contractors

  • Licensing of code

  • Terms of service

  • Pricing

  • Executive team

  • Series LLC members

  • Series LLC operating agreement (other than non override parts from the Turnkey Network Systems LLC operating agreement)

  • TSYS Group board committee for the series

  • etc

for the following businesses:

  • TeamRental.net

  • RackRental.net (non Richelle franchises) (close consultation / collaboration / code availability on any development done on the RackRental.net microservices)

  • STL (non Richelle franchises) close consultation / collaboration / code availability on any development done on the STL micro services)

  • YourDreamNameHere

  • MerchantsOfHope

  • 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).

  • Ap4ap.org

  • sol-calc.com micro service (it will remain under its custom license)

  • {{PARTY2}} wants to be a leader, be in the driver seat, put their brand/stamp on everything.

  • {{PARTY2}} has a deep network of relevant personnel/talent , a deep contact network etc to increase the likelihood of success.

  • {{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:

  • brand

  • KNEL back office

  • this contract

  • StartupStarterPackage