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Founder Collaboration Agreement
"I need a Founder Collaboration Agreement for a tech startup with three co-founders, where two founders are contributing technical expertise and one is contributing initial capital of $500,000, with all founders subject to a 4-year vesting schedule starting March 2025."
1. Parties: Identification of all founding members, including full legal names and addresses
2. Background: Context of the collaboration and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Roles and Responsibilities: Detailed description of each founder's duties and commitments
5. Equity Structure: Distribution of ownership and vesting terms
6. Intellectual Property Rights: Ownership and assignment of IP created during collaboration
7. Decision Making: Governance structure and voting rights
8. Confidentiality: Protection of sensitive information
9. Term and Termination: Duration and conditions for ending the agreement
1. Non-Compete: Restrictions on competitive activities during and after the collaboration period
2. Buy-Sell Provisions: Terms and conditions for buying out other founders' interests
3. Capital Contributions: Initial and ongoing financial commitments from each founder
4. Dispute Resolution: Procedures for resolving conflicts through mediation and arbitration
1. Schedule A - Initial Equity Allocation: Detailed breakdown of ownership percentages among founders
2. Schedule B - Vesting Schedule: Timeline and terms of equity vesting for each founder
3. Schedule C - IP Assignment: List of pre-existing IP and terms of transfer to the company
4. Schedule D - Business Plan: Initial business strategy and milestones
5. Schedule E - Founder Details: Detailed information about each founder's background and contributions
Authors
Business
Capital Contribution
Company
Competing Business
Confidential Information
Effective Date
Equity Interest
Fair Market Value
Founder
Founders
Founding Team
Initial Business Plan
Intellectual Property
Material Decision
New Intellectual Property
Pre-existing Intellectual Property
Project
Shareholders
Shares
Territory
Transfer
Vesting Period
Vesting Schedule
Voting Rights
Business Day
Deadlock
Default Event
Exit Event
Good Leaver
Bad Leaver
Majority Decision
Reserved Matters
Tag-Along Rights
Drag-Along Rights
Qualifying Exit
Equity Allocation
Vesting
Capital Contributions
Roles and Responsibilities
Decision Making
Management Rights
Intellectual Property
Confidentiality
Non-Competition
Non-Solicitation
Transfer Restrictions
Tag-Along Rights
Drag-Along Rights
Pre-emptive Rights
Exit Provisions
Death and Incapacity
Good Leaver/Bad Leaver
Dispute Resolution
Deadlock Resolution
Information Rights
Representations and Warranties
Termination
Force Majeure
Assignment
Amendments
Notices
Governing Law
Jurisdiction
Severability
Entire Agreement
Costs
Further Assurance
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