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Co-Founder Agreement Template

Hey all,

Was wondering if anyone has a good resource for a template for co-founder
agreements ....

Not a shareholders agreements or restricted rights agreement, rather a
binding legal document that would outline some of the the following (and
other terms):

- Division of Equity
- Roles and Time Commitments
- Vesting Schedules + Issuance of Shares
- How decisions are made
- Can one co-founder fire another

Think of it as somewhat of a pre-cursor to a shareholders agreement. If one
does not have an agreement similar to what I've described, copying and
pasting the above provisions would also be very helpful.

Note: for your reference I've linked to an example shareholders agreement,
restricted rights agreement, and IP assignment agreement (apologies for the
fact they're Canadian)

http://www.marsdd.com/mars-library/?object_type=library&s=&filters%5Bposts%5D%5Blibrary_type%5D%5B%5D=Template

8 Replies

Vinny Pasceri
1
0
Vinny Pasceri Entrepreneur
Principal Engineering Program Manager at Usermind | Global Startup Battle Winner

Hi Adam,

Here are some decent resources:

http://www.goodwinfoundersworkbench.com/

http://orrick.com/practices/corporate/emergingCompanies/startup/forms....
asp

Misc:

http://startupgrind.com/2012/05/the-most-common-legal-startup-mistakes/

http://www.goodwinfoundersworkbench.com/tax-considerations-start-up-e...
/

http://www.startuplawblog.com/2011/02/08/making-life-better-for-found...
h-respect-to-section-83b-elections/

Lastly, leverage Quora as much as you can.

Enjoy!

Vinny

From: [removed to protect privacy] [mailto:[removed to protect privacy]]
On Behalf Of adam
Sent: Monday, November 12, 2012 10:59 AM
To: [removed to protect privacy]
Subject: [FD Members] Co-Founder Agreement Template

Hey all,

Was wondering if anyone has a good resource for a template for co-founder
agreements ....

Not a shareholders agreements or restricted rights agreement, rather a
binding legal document that would outline some of the the following (and
other terms):

*       Division of Equity
*       Roles and Time Commitments
*       Vesting Schedules + Issuance of Shares
*       How decisions are made
*       Can one co-founder fire another

Think of it as somewhat of a pre-cursor to a shareholders agreement. If one
does not have an agreement similar to what I've described, copying and
pasting the above provisions would also be very helpful.

Note: for your reference I've attached an example shareholders agreement,
restricted rights agreement, and IP assignment agreement (apologies for the
fact they're Canadian)

Many Thanks

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Nick Pontacoloni
0
0
Nick Pontacoloni Entrepreneur
Online Media Sales and Marketing

Hi everyone,

Here is a Founders Agreement I've used in the past. This was created by my
legal team. Use at your own discretion.

Good Luck!

Nick

AJAY BAM
0
0
AJAY BAM Entrepreneur
Ceo and Co-founder at Vyrill Inc

Here is one that I have used recently... ?We modified this to suit us prior to incorporation..

thanks,
Ajay

Raphael Londner
2
1
Raphael Londner Entrepreneur
Developer Advocate

Hi guys,

Would you mind re-posting your files? For some reason, they either don't show up or the download links are invalid...

Thanks a ton,

Raphael.

Meetul Shah
0
0
Meetul Shah Entrepreneur
CEO\Founder at IntentBase
Nick and Ajay -

Can you guys please repost your agreements. They don't see to apprear in the post

Thanks,
-Meetul.
Rita Usanga
0
0
Rita Usanga Entrepreneur
Sales Director at Glow Digital Media Limited
Hi Adam,

There is a templated option by Rocket Lawyers with Co-Founder partnerships in mind herehttp://www.rocketlawyer.com/form/partnership-agreement.rl?utm_source=1078

Regards,
Rita
Rita Usanga
0
0
Rita Usanga Entrepreneur
Sales Director at Glow Digital Media Limited
Hi Adam,

There is a templated option by Rocket Lawyers with Co-Founder partnerships in mind herehttp://www.rocketlawyer.com/form/partnership-agreement.rl?utm_source=1078

Regards,
Rita
Kenneth Larson
0
0
Kenneth Larson Advisor
Retired Aerospace Contracts Manager, MicroMentor Volunteer and Founder "Smalltofeds"
Feel free to use the Operating agreement template at the second, vertical Box net "References" cube in the left margin of the site linked below:

http://www.smalltofeds.com
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