Co-op agreement

1. The trade

Founder A gives ___ hours a week to Founder B's company, focused on ___. Founder B gives ___ hours a week to Founder A's company, focused on ___. One hour is worth one hour. No money or equity changes hands.

2. Term

This runs for ___ weeks, starting ___. We check in at the halfway point. It ends early, automatically, when either company closes a priced funding round.

3. Who owns the work

Anything a founder creates for the other's company belongs to that company. Each founder keeps everything they owned before, and any general know-how.

4. Confidentiality

We each keep the other company's non-public information confidential during this agreement and for ___ years after, and use it only to help that company.

5. No partnership or equity

This doesn't make us partners, employees or shareholders in each other's companies. If we later want to become co-founders, we'll sign a separate agreement.

6. Leaving

Either of us can end this with ___ days' written notice, for any reason. On ending, we return or delete the other's confidential materials and hand over any work in progress.

Signed: ________ (Founder A, company) · ________ (Founder B, company) · Date: ________