Glossary

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Finder’s Agreement

A Finder’s Agreement is a contract between a company and a third-party finder who assists the company in locating potential investors, clients, or other business opportunities. The agreement typically outlines the scope of the finder’s services, the compensation to be paid to the finder, and any other terms and conditions of the relationship between the parties. Finder’s Agreements are commo...

FOSS (Free and Open-Source Software)

Free and Open-Source Software (FOSS) refers to software that is released under a license that allows users to use, modify, and distribute the software freely. This means that the source code of the software is available to the public, and users are free to modify the software to suit their needs. FOSS is often created and maintained by a community of developers who contribute to the project vol...

Founders Agreement

A Founders Agreement is a contract between the founders of a company that outlines the rights, responsibilities, and ownership of each founder. It typically covers issues such as the division of equity, decision-making processes, roles and responsibilities, intellectual property ownership, and dispute resolution mechanisms. The goal of a Founders Agreement is to prevent conflicts and ensure that a...

Fraud

Fraud is an intentional deception or misrepresentation made by an individual or a group of individuals for personal gain or to cause harm to another party. In the context of business, fraud can take many forms, such as financial fraud, identity theft, and insider trading, among others. It is a serious offense that can lead to civil and criminal penalties. It is important for companies to have prop...