Document background
The Founders Service Agreement is a critical document used when establishing or formalizing the relationship between a company and its founding members in Hong Kong. It is particularly relevant for startups, technology companies, and new business ventures where founders take on operational roles while maintaining significant ownership stakes. The agreement combines elements of employment law, corporate governance, and equity arrangements, tailored to comply with Hong Kong's legal framework. It typically includes detailed provisions about the founder's duties, compensation structure, equity vesting schedules, intellectual property rights, and post-termination obligations. This document is essential for protecting both the company's interests and the founder's rights, while providing clear guidelines for dispute resolution and succession planning. The agreement should be customized based on the company's stage of development, industry sector, and specific requirements of the founding team.
