Document background
The Startup Business Partnership Agreement serves as a foundational document for entrepreneurs establishing a startup venture in the Philippines. It is specifically designed to address the unique challenges and requirements of startup businesses, taking into account the provisions of the Philippine Revised Corporation Code, the Innovative Startup Act, and other relevant legislation. This agreement is essential when two or more parties wish to formalize their business relationship in a startup context, clearly defining ownership stakes, management roles, capital contributions, and profit-sharing arrangements. It includes specific provisions for intellectual property protection, future funding rounds, and exit strategies, which are crucial for technology-driven and innovative businesses. The document helps prevent future disputes by establishing clear guidelines while remaining flexible enough to accommodate the rapid growth and changes typical in startup environments.
