I am about to register a renewable energ...

Asked by Anonymous on 22-01-2022 03:50:40
Question posted in the Intellectual Property Law category relating to Western Cape

I am about to register a renewable energy start-up with 2 of my colleagues as partners and would like to know and understand if I need to have everybody sign a simple memorandum of understanding, or a contract, or set up shares before we get into this together. 

I am the one bringing in the idea that will constitute our core business offering and I am also putting money toward expenses. They will be helping technically and I  have offered them a 10% stake (each) in the company for the contribution they'll be making.

I would like set all these details in stone before we start. Please could you advise me?

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