Founder LOI-style outline

Use this to align founders on principles before counsel drafts a binding agreement. Replace bracketed items.

• Parties: legal names and roles.
• Company purpose and initial equity split intent (subject to SHA).
• Vesting: cliff, schedule, good/bad leaver principles.
• IP: prior inventions list, assignment to company on formation.
• Time commitment: full-time vs other roles allowed.
• Decision rights: reserved matters and tie-break.
• Expenses and capital contributions to date.
• Confidentiality and non-solicit (high level, counsel to refine).
• Next step: target date for definitive founder documents.