Entrance Agreement

What is the Entrance Agreement?
The Entrance Agreement is the only agreement you need to sign to enroll in the FI Core Program. The Entrance Agreement outlines the basic terms and provides...
Sun, Apr 24, 2022 at 5:33 PM
Do I Join the Equity Collective when I Sign this Agreement?
No.  About 2/3 of the way through the Core Program you will be asked to sign the Warrant, which is when you will join the Equity Collective.  As per cla...
Sun, Apr 24, 2022 at 5:36 PM
Do I Still Owe Equity (in the form of a Warrant) if I Drop Out?
As per clause 2, if you drop out with 45 or more days left before Graduation, then you are not obligated to issue the warrant. However, if you drop out ...
Sun, Apr 24, 2022 at 5:38 PM
Why Can a Company I Form Before/After the Program be considered "Formed during the program"?
Similar to the 45 day stipulation above, clauses 3.A.i and 3.A.ii are meant to prevent Founders from cheating the system. Clause 3.A.i is meant to preve...
Sun, Apr 24, 2022 at 5:39 PM
Why is Collateral Security in the Agreement?
Again, this clause is meant to provide FI with a reasonable way to recoup damages if a Founder blatantly disregards their obligations of this agreement. Thi...
Sun, Apr 24, 2022 at 5:40 PM