Founders Agreement

Document Overview

Getting together with a friend and starting a new venture is the most exciting time in any entrepreneur’s life. However, Co-Founders are often so busy building and running their new business that they skip a hugely important step, the Co-founder Agreement. A Co-founder Agreement is a contract between Co-Founders setting out the ownership, initial investments and responsibilities of each Co-Founder. This agreement also safeguards you in the case of a dispute, as it can provide protection to show what the co-founder agreed too.

Who should use this agreement:

• You are a co-founder and would like to clearly set out the equity participation in your new business.

What does the Co-Founder Agreement cover?

• Co-Founder details
• Project description
• Equity breakdown and initial capital contributions
• Roles and responsibilities of each Co-Founder
• Management and approval rights
• Non-compete, confidentiality and intellectual property
• Resignation, dissolution and removal of directors