Hi everyone. I've been successfully selling my document templates for the last two years. This is the first one that I think might be of real interest to the HN

Hi everyone. I've been successfully selling my document templates for the last two years. This is the first one that I think might be of real interest to the HN crowd. The original version came about because I was the founder of a startup and was bringing on an acquaintance as CTO whom I didn't fully know. And frankly, we didn't fully trust each other, so we wanted to find a way to protect our interests if things didn't go exactly as planned. The result was this agreement, which although titled Memorandum of Understanding (aka Letter of Intent) forms a legally-binding contract upon execution. It helps to prevent co-founders from "screwing each other" over by stating exactly what will happen prior to the legal formation of the new venture. In fact, that saved me a lot of grief. My prospective new partner and CTO did not work out. She quit right before we incorporated and opted to take a payout as a contractor. This was stipulated clearly in the agreement, so we were able to wrap things up cleanly without bitterness and maintaining protection for my valuable IP.