I love the idea behind this - so many contracts are unnecessarily impossible to read.
However, I am going to be really honest - as the CTO of a company who regularly hires freelancers and as a former lawyer, I would never sign this contract if the freelancer I was using sent it to me.
Section 2.1 is much too weak and will give the hiring company problems if they were undergoing diligence for an equity round. Please consult any IP lawyer if you doubt me.
Less of an issue but section 1.4 also does not restrict the nature and amount of expenses.
However, I am going to be really honest - as the CTO of a company who regularly hires freelancers and as a former lawyer, I would never sign this contract if the freelancer I was using sent it to me.
Section 2.1 is much too weak and will give the hiring company problems if they were undergoing diligence for an equity round. Please consult any IP lawyer if you doubt me.
Less of an issue but section 1.4 also does not restrict the nature and amount of expenses.