Whenever we setup a new Team Project we implement a basic version control structure. We put "readme.txt" files in the folder structure explaining the different levels, and a solution file called [Client].[Product].sln?located at ?/[Client]/[Product]/DEV/ within version control.
For more implementation details see:
http://blog.hinshelwood.com/archive/2010/05/17/guidance-how-to-layout-you-files-for-an-ideal-solution.aspx
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