Click here to download a template I’ve used with my three daughters to make it crystal clear what our obligations are as parents and what theirs are as new drivers. Since the document is editable, you can add signature lines, revise the terms or add more terms to make it match your standards and philosophies. About 6 months after putting this into effect, pull it out again and review it with your son/daughter as a reminder.
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Author: Gordon Daugherty
Gordon Daugherty is a best-selling author, seasoned business executive, entrepreneur, startup advisor and investor. He has made more than 200 investments in early-stage companies and has been involved with raising more than $80 million in growth and venture capital. From his 28-year career in high tech, Gordon has both an IPO and a $200-million acquisition exit under his belt. Now, as co-founder and president of Austin’s Capital Factory and as author of the book “Startup Success”, Gordon spends 100 percent of his time educating, advising, and investing in startups.
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Gordon Daugherty 
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