1. Services Provided
Think! Ventures Foundation ("Foundation") provides business formation services including entity filing, EIN acquisition, AI coaching via Bella, professional document generation (business plan, operating agreement, bylaws), website design and hosting, merchandise store setup, community access, and Business Health Center dashboard access.
2. Participant Obligations
Participant agrees that: (a) all information provided is truthful and accurate; (b) they are the authorized decision-maker for their business; (c) they will maintain Active status by meeting minimum engagement requirements (login monthly, respond to quarterly check-ins, or attend one community event per quarter); (d) they will not misrepresent the Think! Ventures relationship.
3. Ownership and Intellectual Property
The Participant owns their business, all generated documents, website content, and brand assets. The Foundation holds no equity stake, ownership claim, or revenue share. The Participant may leave at any time and retain all materials.
4. Give-Back Obligation
The Foundation operates a 10% cliff model with cap-based sunset. Participant keeps 100% of all revenue until cumulative net profit reaches $2,500 (the "cliff"). After the cliff, Participant contributes 10% of future net profit, calculated and paid quarterly. Once total contributions reach $10,000, the obligation is complete and Participant graduates to Alumni status. After graduation, Participant may choose the Alumni Plan ($75/month for continued hosting and support) or self-manage at no cost. Think! Ventures holds no equity stake in Participant's business.
5. Engagement and Archival
Participants who show no activity for 90 consecutive days and do not respond to two outreach attempts will be moved to Inactive status (reduced support). After 180 days of inactivity, services may be archived with 30 days prior notice. Reactivation is available at any time by contacting the Foundation.
6. Termination
Either party may terminate this agreement with 90 days written notice. The Foundation may terminate immediately for cause including illegal activity, fraud, harassment, or misrepresentation. Upon termination, Participant keeps their business, brand, and content. All documents are transferred and data exported to the Participant.
7. Limitation of Liability
The Foundation provides guidance and tools, not legal or financial advice. Participants are responsible for their own business decisions. The Foundation is not liable for business outcomes. Participants are encouraged to consult an attorney for legal matters and a CPA for tax matters.
8. Case Study Permission
By signing this agreement, Participant grants the Foundation permission to feature their business as a case study in marketing materials, grant applications, and public communications. The Foundation will seek approval before publication and will anonymize details upon request.