Purchase Agreement Sample: Fill & Download for Free

What is your opinion about a Chinese origin professor at MIT being charged with hidden ties with China?Troglodyte stewing academicians for dinner. I’m glad to see that MIT president and faculties are standing up to fight this. MIT president and faculty members defend professor arrested for China ties - The Boston GlobeThe big picture is that the US government has significantly reduced science funding since President Reagan, so all the universities started trying to raise additional funding to make up for it. Alumni + foreign student recruitment + research sponsorship/collaboration. All of them.Academic research was one of the first to jump start international collaboration, because the subject they work on are Significant Problems of the Mankind, and the goal of this whole thing is - publication! Publish your work on Science or Nature! Let the whole world know about it! Get other people to replicate, and cite your work! The more people citing it, the better! A dozen Science/Nature/Lancet publications and a couple thousand citations, and you’ll get your tenure! At that level, nationality is almost a quaint concept. It’s not like physics works differently in different countries.So the rule of academic research is the complete opposite of the Government or Private companies. The government likes to splash “top secret” or whatnot all over. Private companies want you to sign a CDA (Confidential Disclosure Agreement) before you can talk about weather. In academia you’d be begging journal editors to publish your work. If we address these 300 questions from the reviewers, and do 500 more experiments, could you please please please publish our paper? It’s like that.This is why accusing academicians of “spying” is so ludicrous. What do you want to know, just ask, and they’ll tell you! Unless it’s an exam question, then they’ll only tell you after the exam! If you want a sample of whatever, just ask nicely, and they’ll give it to you, ’cause why not. Good grief. People don’t seem to understand, with governments and private companies, they like to say “only we can do this because trade secret”. In academia, other people NEED TO BE ABLE TO REPLICATE it. If they can’t it’s a red flag for academic fraud. So if you write to the professor, “I’m trying to replicate your data and I’m having trouble. Could you share your stuff with me.”, they’ll happily oblige, and go the extra mile to trouble-shoot with you to make it work! If nobody can replicate it, the journal will ask the original authors to retract their paper, it’d be a big scandal, and the authors’ whole lives will be ruined!Also this “financial disclosure” thing is equally ludicrous. The way it works in real life is that the funding is deposited with the university. The professor gets an account number from the university. He gives the account number to his grad students and his post-docs. Then these guys go to the universities purchase system to order materials and equipment, and charge against this account number. All the vendors on the university purchase system have bulk-purchase agreement with the university since forever and so you get discount so the research funding will last longer. Thus if the university really wants to, it can monitor how many bottles of water the professor drinks a day, ok? How else will it work in real life? Do you think the professor will personally keep the books, negotiate like a million purchase agreement and service agreement on like thousands of lab equipment and consumables, and do his own employment agreement / taxes / immigration docs for all his grad students / post-docs / lab technicians? All these while teaching and doing research and running the department 5 days a week? Of course not. The university does all this, and charges “overhead” against the Grant for the work. Thus the university accounting department often knows where the money comes from, where the money is going, even better than the professor himself.Basically if the US Government is really unhappy about this, the best thing to do is just to pay a visit to the President of MIT, and tell him “we are not happy with all these collaborations with China. Tell your tenured professors not to do it anymore, and we’ll come back and audit everybody next Spring, ok? Here is a check to make up for the shortfall.” It still wouldn’t make any sense, but at least it would not be so pointlessly bloodthirsty.

If you want to be thorough with forming your company you should have a couple agreements put in place for founders of your company. It also depends on whether you are forming a corporation or LLC.If you are forming a corporation then the founder's rights will be governed by a restricted stock purchase agreement (or a stock purchase agreement and a separate founder agreement but it is typically easier to just use a RSA). You will also want to secure both past and future IP. The last thing you want is a founder running off with valuable IPRestricted Stock Purchase Agreement TemplateIP Assignment AgreementConfidentiality Invention and Assignment Agreement (Future IP)If you are forming a LLC then all of the founders' rights will be governed by the operating agreement. This is why it is important to be careful when drafting your operating agreement.Full disclosure, I am the co-founder of the company hosting the above documents. They are 100% free and curated by our attorney community.

Here are some good Founder Stock Purchase Agreements for Delaware Corporations:OrrickUpCounselThere are other related documents as well that you will most likely need when forming your company:83(b) ElectionIP Assignment AgreementConfidentiality and Invention Assignment Agreement25102(f) fling if in CACapitalization tableFull disclosure, I am a Co-Founder of UpCounsel which is hosting one of the documents above.