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Co Founder Equity Agreement
"I need a Co-Founder Equity Agreement for my new fintech startup launching in March 2025, with three co-founders having different equity splits (40/40/20) and a four-year vesting schedule with a one-year cliff."
1. Parties: Identification and details of all co-founders and the company
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Equity Allocation: Details of share distribution between co-founders
5. Vesting Provisions: Terms of share vesting schedule and conditions
6. Roles and Responsibilities: Defined roles and duties of each co-founder
7. Transfer Restrictions: Limitations on share transfer and right of first refusal
8. Termination: Circumstances and processes for agreement termination
1. Intellectual Property Rights: Provisions for IP ownership, assignment and protection between co-founders and the company
2. Non-Compete Provisions: Restrictions on competitive activities and protection of business interests
3. Investment Rights: Terms governing future investment rounds and related rights
4. Good/Bad Leaver Provisions: Specific terms and consequences for voluntary or involuntary departure of co-founders
1. Share Vesting Schedule: Detailed timeline and conditions for share vesting
2. Business Plan: Initial business plan and strategy document
3. Share Certificate Templates: Standard forms for share certification
4. IP Assignment Forms: Templates and forms for intellectual property transfer documentation
5. Shareholders' Rights Schedule: Detailed breakdown of shareholder privileges, obligations and voting rights
Authors
Articles of Association
Bad Leaver
Board
Business
Business Day
Business Plan
Change of Control
Company
Completion
Confidential Information
Co-Founders
Director
Effective Date
Encumbrance
Equity Securities
Fair Market Value
Good Leaver
Group
Intellectual Property Rights
Initial Business Plan
Key Person Insurance
Material Breach
Ordinary Shares
Parties
Permitted Transferee
Reserved Matters
Restricted Period
Sale
Share Capital
Shareholders
Shares
Tag-Along Rights
Territory
Transfer
Vesting Date
Vesting Period
Vesting Schedule
Working Hours
Share Capital
Share Vesting
Board Composition
Decision Making
Reserved Matters
Roles and Responsibilities
Representations and Warranties
Confidentiality
Intellectual Property Rights
Non-Competition
Non-Solicitation
Transfer Restrictions
Tag-Along Rights
Drag-Along Rights
Good Leaver/Bad Leaver Provisions
Death and Incapacity
Termination
Exit Provisions
Dispute Resolution
Assignment
Severability
Entire Agreement
Variation
Notices
Third Party Rights
Force Majeure
Governing Law
Jurisdiction
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