Founder Fundamentals
Commercial Contracts
Name
*
First Name
Last Name
Email
*
example@example.com
Company Name
*
Position in Company
*
Phone Number
*
-
Country Code
-
Area Code
Phone Number
Number of Employees
*
0 - 10
11 - 20
21 - 50
51 - 100
101 - 200
200+
Annual turnover
*
Under £500k
£500k - £1m
£1m - £5m
£5m - £10m
£10m+
Prefer not to say
What is your sector?
*
Briefly, what does your business do?
*
How long have your been trading?
*
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Non Disclosure Agreements & Confidentiality
*
Rows
Yes
No
In progress
Don't Know
N/A
Firm standard NDA in use
NDAs signed securely stored
NDA obligations monitored
Website Terms of Use
*
Rows
Yes
No
In progress
Don't Know
N/A
Terms of use up to date and appropriate to current business
Terms of use appropriate to current business activities
Terms of use included on website
Terms of use include e-commerce terms if applicable
Commercial Contracts (General)
*
Rows
Yes
No
In progress
Don't Know
N/A
Company has own standard services/goods supply contract in line with business activities
Company has standard terms and conditions of supply
Playbook or checklist in place for negotiating commercial contracts
Plan for regular update of commercial contracts in place
Mous/Heads of Terms/Terms Sheet
Rows
Yes
No
In progress
Don't Know
N/A
Is document expressed to be subject to contract?
Does it state that it non-binding? Check confidentiality/exclusivity / governing law carefully
Are all parties clearly named and signatories? Correct contact details, legal names etc.?
Do parent company/subsidiaries/ silent partners etc., also need to be signatories?
Document clearly labelled confidential on every page?
Are each parties roles and responsibilities clearly set out?
Includes a clause expressly permitting professional advisors access to terms (subject to confidentiality)?
Includes conditions listed such as consents/valuations/shareholder approvals/no material adverse change?
Requirement to obtain a legal opinion confirming capacity to enter into arrangements?
Will financial accounts be needed, if so, will they be audited?
Includes express provisions of exclusivity/confidentiality?
Includes costs sharing/undertakings
Consider if confidentiality, exclusivity and governing law clauses should be legally binding (if appropriate) even if remainder of MoU is not
Any other information
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