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Co Founder Agreement
"I need a Co-Founder Agreement for a technology startup with three founders, where two founders will work full-time and one part-time, with a 40-30-30 equity split and specific vesting conditions over 4 years starting January 2025."
1. Parties: Identification and details of all co-founders and the company (if already established)
2. Background: Context of the agreement, including the business concept and purpose of the collaboration
3. Definitions: Clear definitions of key terms used throughout the agreement
4. Business Description: Detailed description of the business venture and its objectives
5. Roles and Responsibilities: Specific duties and areas of responsibility for each co-founder
6. Equity Distribution: Initial shareholding structure and any vesting arrangements
7. Capital Contributions: Details of initial and future capital contributions from each co-founder
8. Decision Making: Process for making business decisions and voting rights
9. Intellectual Property: Assignment and ownership of IP created before and during the venture
10. Confidentiality: Protection of confidential information and trade secrets
11. Non-Competition: Restrictions on competing activities during and after the relationship
12. Exit Provisions: Procedures for founder departure, including share transfer and valuation
13. Term and Termination: Duration of the agreement and circumstances for termination
14. Dispute Resolution: Process for resolving disagreements between co-founders
15. Governing Law: Specification of Dutch law as governing law and jurisdiction
1. Salary and Compensation: Terms of any salary or compensation for co-founders who will be employees - include if co-founders will draw a salary
2. External Investment: Procedures for accepting external investment and dilution protection - include if seeking external funding
3. Board Structure: Composition and operation of the board of directors - include for more formal corporate structures
4. Deadlock Resolution: Specific procedures for resolving deadlock situations - important for 50/50 ownership structures
5. Family Rights: Provisions for family members' involvement or inheritance - include if family succession is relevant
6. International Operations: Provisions for international business activities - include if planning international operations
7. Good Leaver/Bad Leaver: Different treatment of departing founders based on circumstances - include if sophisticated equity structures are needed
1. Business Plan: Detailed business plan including market analysis and financial projections
2. Vesting Schedule: Detailed timeline and conditions for share vesting
3. Initial Capital Contributions: Itemized list of each founder's initial contributions (cash, assets, IP)
4. Share Capital Table: Detailed breakdown of shareholding structure and share classes
5. Founder Responsibilities Matrix: Detailed breakdown of each founder's roles, duties and KPIs
6. IP Register: List of existing IP being transferred to the company
7. Company Formation Documents: Copies of official company registration documents
8. Restricted Activities List: Detailed list of activities requiring unanimous founder approval
Authors
Technology
E-commerce
Financial Services
Healthcare
Professional Services
Manufacturing
Software Development
Biotechnology
Renewable Energy
Consumer Products
Media and Entertainment
Educational Technology
Artificial Intelligence
Retail
Consulting
Legal
Executive
Board of Directors
Corporate Governance
Company Secretariat
Business Development
Strategy
Finance
Operations
Founder
Co-Founder
Chief Executive Officer
Chief Technology Officer
Chief Financial Officer
Chief Operating Officer
Managing Director
Director
Partner
Executive Director
Board Member
Company Secretary
General Counsel
Head of Legal
Corporate Lawyer
Business Development Director
Startup Advisor
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