Confidentiality And Indemnification Agreement: Fill & Download for Free

There's quite a few, which I'll mention below.As a side note, if you're looking for an affordable alternative to hiring a traditional lawyer, feel free to check out LawTrades. It's a legal marketplace for affordable on-demand legal help.Next steps after registering as a C-Corp in DECreate corporate bylaws, which are the formal operating rules for your corporation.Hold the first meeting of the board of directors (and have written minutes of this meeting).Prepare and issue stock certificates to shareholders of the corporation to divide ownership interests up.Have an attorney draft a Founder’s Restricted Stock Purchase AgreementRegister your corporation’s stock with the state of incorporation and federally, with the Securities and Exchange Commission (SEC).Complete and file form 83(b) for unvested founder shares.Get a Federal Employee Tax ID Number (EIN) and open a business bank account, separate from your personal account.Get an attorney to draft a Confidentiality and Invention Assignment Agreement to protect your company’s patents and trade secrets.Ask a lawyer about drafting an indemnification agreement.If you hire an advisor, have an advisor agreement drafted by an attorney.Consult a patent attorney if you think your company may have something patentable.If your startup is web-based, get a terms of use and privacy policy drafted.If you plan on hiring employees, have a salary or equity based offer letter drafted by an attorney.If you plan on hiring freelancer developers/artists, have an attorney draft a “work for hire agreement.”Consult a trademark attorney and copyright attorney (if applicable).Hope this helps get you going. Feel free to reach out or check out http://lawtrades.com if you have more questions!

I'm going to start by broadening the discussion, a bit.First, the carve-outs typically modify both limitations of liability and limitations of damages. So, whereas an agreement might include provisions both limiting the total (dollar) amount of liability and liability for consequential damages, such limitations will not apply to the carved-out subject matter.Second, the subject matter of the carve-outs typically includes not only breaches of confidentiality, but also indemnification obligations.Here is why the carve-outs exist:The subject matter (confidentiality and indemnification) inherently have significant consequential damages components (outside the subject matter of the agreement, for which damages would be direct), thus consequential damages must be recoverable.Breach of confidentiality and indemnification obligations are very important, thus there is a consensus that injured parties should have the broadest remedies available in these areas.

There is a fairly exhaustive list of documents you may need when hiring your first 5 employees as a founder of a bootstrapped startup:Founders’ agreement, advisor agreement, indemnification agreement, non-disclosure agreement, independent contractor agreement, Confidential Information and Invention Assignment Agreement for Employees, Equity/Salary Based Employee Offer Letter.Each situation is different so it's best to speak with a lawyer before going overboard with contracts.If you need advice from an awesome attorney, and links to some of these documents, check out our new SMS app called Larry (http://lawtrades.com/larry). Larry gives you personalized business legal help via SMS on demand without any hassle.Hope that points you in the right direction! Feel free to reach out if you have any further questions.