Document background
The Founder Employment Agreement is a crucial document used when formalizing the employment relationship between a company and its founder(s) in Hong Kong. It serves multiple purposes: establishing clear employment terms in compliance with Hong Kong labor laws, protecting the company's intellectual property and confidential information, defining the founder's roles and responsibilities, and setting out equity arrangements and vesting schedules. This agreement is typically implemented during company formation, when converting from founder-contractor status to employee status, or during funding rounds when investors require formal employment structures. The document must balance Hong Kong's statutory employment requirements with founder-specific considerations such as executive duties, board positions, and special rights or restrictions.
