Startup Partnership Program Application

This document outlines the legal framework and operational details of WebMaster's Startup Partnership Program, designed to assist entrepreneurs in developing web-based SaaS applications while minimizing upfront costs.

• Initial administrative fee: $1,500 (non-refundable)
• Equity stake: 5-8% of your business
• Term duration: 5-8 years from application launch
• Equity percentage and term length determined by application complexity and scope
• Minimum revenue requirement: $1,000/month by month 6 post-launch

The partnership covers the development of a custom web-based SaaS application as defined and agreed upon in the scope document. Any features or functionality not explicitly included in the signed scope document will be considered outside the initial development agreement.

This includes:

• Custom SaaS application development
• Responsive design for all devices
• Secure database architecture
• Initial branding support

During the partnership term, WebMaster will provide:

• Bug fixes for issues related to the original scope
• Basic scaling support as user numbers increase
• Security updates and critical patches

New feature development, substantial modifications, or major upgrades will require additional investment outside the partnership agreement.

As the client, you will be responsible for:

• Payment of hosting costs and third-party service fees
• Content creation and management
• Marketing and user acquisition
• Customer support for end users
• Compliance with applicable laws and regulations

As part of this partnership agreement, the following revenue requirements apply:

• The application must generate a minimum of $1,000 per month in revenue by the end of month 6 following launch
• If this revenue threshold is not met, the client agrees to repay WebMaster the base development cost of the application
• The base development cost will be calculated and documented in the partnership agreement before signing
• A payment plan may be negotiated if the client is unable to pay the full amount immediately
• Revenue will be verified through access to application analytics and payment processing accounts

The client may buy out WebMaster's equity stake at any point during the partnership term. The buyout value will be calculated based on:

• Application complexity and development value
• Time and resources invested by WebMaster
• Current and projected business performance
• Percentage of remaining term

The specific buyout formula is:

All buyout agreements must be executed in writing and approved by both parties.

Upon full payment of the administrative fee and execution of the partnership agreement:

• The client retains full ownership of the business concept and brand
• The client owns the application's content and data
• WebMaster retains rights to the underlying technical implementations that are not unique to the client's business

Upon completion of the partnership term or execution of the buyout option, all rights to the application transfer fully to the client.

The partnership may be terminated under the following conditions:

• Mutual agreement of both parties
• Execution of the buyout option
• Material breach of the agreement by either party
• Failure to launch the application within 12 months of agreement execution
• Abandonment of the business for a period exceeding 6 months
• Failure to meet the minimum revenue requirement and subsequent non-payment of the base development cost

This agreement is governed by the laws of [Your State/Country], and any disputes will be resolved through arbitration according to the rules of the [Relevant Arbitration Association].