I recently quit working with my co-founder. We had started a software business together and had agreed on a certain profit share. But shortly after the launch of the apps, we had to split because he had lost motivation and wasn't investing enough in the project.
He doesn't own any equity in the company and we have had no formal agreement on the profit share so far. We had only discussed it via email.
Currently, he has handed over the signing keys for the apps and the source code to me but naturally has a copy of them at his disposal. Although I trust him generally, but still this is a risk to my business.
We have decided to sign an agreement with each other according to which, I will pay him a smaller share of the profit for a period of one year in exchange for his non-disclosure. But I'm not sure what exactly needs to be included in the agreement. I need to protect all my IP.
Any pointers are much appreciated!