Employment agreements clarify the terms of separation, commit the founders to the same boat and provide investors assurance that the boat in which their capital resides is the same boat in which the valuable intellectual property of the company resides.

Noncompete agreements (frequently within employment agreements) discourage a management break-up that might result in two companies pursuing the same original business plan. Employment agreements and noncompete agreements protect the venture and the individual adventurers who commit to the venture.

Contrary to myth, noncompete agreements are enforceable in Georgia, if drafted properly.