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Cofounder Agreement
"I need a Cofounder Agreement for a Singapore-based fintech startup with three cofounders, where I'll own 40% and need to include specific vesting conditions over 4 years starting January 2025 for my two technical cofounders who will each own 30%."
1. Parties: Identification and details of all cofounders
2. Background: Context of the agreement and business venture
3. Definitions: Key terms used throughout the agreement
4. Equity Structure: Distribution of shares and ownership
5. Roles and Responsibilities: Detailed description of each cofounder's duties
6. Decision Making: Governance structure and voting rights
7. Intellectual Property: Ownership and protection of IP
8. Confidentiality: Protection of company secrets and information
9. Term and Termination: Duration and ending of agreement
1. Vesting Schedule: Terms of share vesting over time - use when shares are to be earned over time rather than granted immediately
2. Tag-Along Rights: Rights to join in sale of shares - use when protecting minority shareholders
3. Drag-Along Rights: Ability to force minority shareholders to join in sale - use when facilitating potential future sale
4. Death/Incapacity Provisions: Procedures in case of founder death or incapacity - use when founders want clarity on succession
1. Share Capital Table: Detailed breakdown of shareholding structure
2. Business Plan: Initial business strategy and objectives
3. Vesting Schedule Details: Specific timeline and conditions for share vesting
4. IP Assignment Deed: Formal transfer of pre-existing IP to company
5. Key Performance Indicators: Metrics for measuring founder performance
Authors
Business
Company
Confidential Information
Cofounder(s)
Deed of Adherence
Effective Date
Employment Agreement
Equity Securities
Fair Market Value
Fully Diluted Share Capital
Good Leaver
Bad Leaver
Intellectual Property Rights
Material Decision
Ordinary Resolution
Parties
Pre-existing IP
Reserved Matters
Share Capital
Shareholders
Special Resolution
Shares
Territory
Transfer
Vesting Period
Vesting Schedule
Working Day
Board
Director(s)
Exit Event
IPO
Tag-Along Rights
Drag-Along Rights
Deadlock
Qualifying IPO
Related Party
Restricted Business
Services
Termination Date
Voting Rights
Incorporation and Business
Share Capital and Structure
Roles and Responsibilities
Board Composition
Decision Making
Vesting
Transfer Restrictions
Tag-Along Rights
Drag-Along Rights
Pre-emptive Rights
Intellectual Property
Confidentiality
Non-Competition
Non-Solicitation
Representations and Warranties
Death and Incapacity
Good Leaver/Bad Leaver
Exit Provisions
Deadlock Resolution
Term and Termination
Force Majeure
Dispute Resolution
Governing Law
Assignment
Severability
Entire Agreement
Notices
Amendment
Costs
Further Assurance
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