Wow, every­one’s start­ing to re­al­ize that it is in­ternecine ar­gu­ments and con­flict­ing per­son­al­i­ties among the founders that kill com­pa­nies. Not com­pe­ti­tion.

Start­up Lawyer has some great ob­ser­va­tions on this top­ic, in­clud­ing a to-do list of what to make sure you sort out with your part­ner:

(1) the goals each of you have for the start­up;
(2) the goals each of you have for your­self;
(3) du­ties, job de­scrip­tions, and hour com­mit­ments;
(4) who pays for what;
(5) who gets paid first and why;
(6) what hap­pens if one of you wants out;
(7) what hap­pens if one of you wants to sell the com­pa­ny, raise cap­i­tal, or end it;
(8) what hap­pens if one of you gets dis­abled or dies;
(9) what hap­pens if things take longer than ex­pect­ed; and
(10) whether launch­ing oth­er star­tups, i.e. “moon­light­ing,” is ok.