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.
I'm unfamiliar with Obie but would be cautious about buying legal documents from a non-lawyer. It's not clear who drew up these contracts or what jurisdiction they would apply to. $79 for a good MoU is potentially very good value so this could be great, but there's not enough info here for me.
I can certainly see where this might be very useful, but it should be clear where the limitations are. Having a good legal document can make a huge difference.
There is no preview, no reviews, and no backstory?
Seems spammy as heck to me.
Direct PDF link: http://www.seedcamp.com/main/wp-content/uploads/2011/09/Seed...
If it's non-binding, what's the point?
Also, in many states, the unauthorized practice of law is a crime. A misdemeanor or regulatory offense in most states, but a felony in some. In many states, the authorities are empowered to seek all incomes from the activities deemed to be such practice of law.
EDIT: Obie appears to be based in Atlanta Georgia, so the above is applicable.
I regret to inform you (Obie) that unless you immediately stop referring to these documents as legally binding (i.e., on HN and at your Shopify store), I am ethically mandated to report you to the Georgia Bar Association (and the California Bar Association) for the unauthorized practice of law. You may refer to these documents as "samples" or "research materials for use with conferring with a lawyer" but you may not describe these documents as legally valid/binding/appropriate documents.
You must also stop saying that they are legally binding and valid. (They are, but...) The problem is that you are saying that these documents are legally appropriate for the purchaser, i.e., that they can rely on these documents for legal effect, regardless of the circumstances. You can't say that unless you know for certain that is the case for the specific facts and circumstances of the purchaser. This application of judgment is considered the practice of law, and this is what will get you in trouble. (It is okay to continue saying that you use them, since you are not saying whether someone else should use them.)
Nolo and LegalZoom get around the practice of law restrictions by expressly stating that their documents are only samples and are not intended to be relied upon without review by a lawyer. (Indeed, most of LegalZoom's $100 documents are merely samples released by the various secretaries of state with Legalzoom's logo added.) Luckily, they have both fought enough court cases to establish that it is no longer necessary to plaster "This is not a legally valid document." on every page. It's still a good idea to do that, but courts recognize that clearly labeling something a "sample" is sufficient protection (for you).
A possible pivot: Change what you're selling. Partner with a few local lawyers, and offer the documents as part of a package: buy the doc, get an hour included with a lawyer to review it to make sure it is satisfies the purchaser's needs. You would generally need a lawyer in every state in which you wish to do this, so I would limit it to Georgia and/or California. Depending on what sort of referral fee you work out with the lawyer(s), you could drop the price on the documents and more than recoup it from the referral fees.
I am very familiar with NOLO's products and in fact I have some of them myself. If you go to (for instance) their collection of contractor agreement samples here: http://www.nolo.com/companion/consultant-and-independent-con... you'll notice that they are not overtly plastered with SAMPLE notices or disclaimers, but their book does clearly state that you need to review this stuff with your own attorney to get their advice. I believe that now, especially with the latest copy changes I am abiding by the spirit of your advice. Please realize that I am not trying to do anything wrong or sneaky.
BTW thanks! I like the idea partnering with lawyers to provide a packaged service (although that is probably way too ambitious for what is a very small side project for me.)