We are two startup founders working on the development of a product(app). It caters to a certain demographic and marketing plays a huge role. One person is involved in coding the app (30%) and other is responsible for the Business Operations (70%).
Currently, we have been looking at ways of nailing down the details of a formal contract and we have reached a roadblock.
Since the app developer might be moving away sometime and there might be a chance the developer doesn’t carry out the development of the app after its initial release, we are looking at ways of including a clause in the formal agreement that would help us restructure the Ownership of the company.
Currently, the developer owns 30% of the company. Could someone please give us a few ideas as to what percentage he/she shall retain after the initial release of the app if he/she drops out?