Contracts are good for memorializing simple numeric facts like "you get X shares vested in this way on thus and so date". Much better than depending on the memories of even scrumptiously honest people.
The assignment of IP part is also important, at least when I learned this in the '80s. Makes it crystal clear that the employee is doing work for hire and has no copyright interest in his code or whatever.
As noted elsewhere, this is easy to put in one page and you should strive to do that. "Just the facts, Mam".
Comments
That's a little extreme.
Contracts are good for memorializing simple numeric facts like "you get X shares vested in this way on thus and so date". Much better than depending on the memories of even scrumptiously honest people.
The assignment of IP part is also important, at least when I learned this in the '80s. Makes it crystal clear that the employee is doing work for hire and has no copyright interest in his code or whatever.
As noted elsewhere, this is easy to put in one page and you should strive to do that. "Just the facts, Mam".