Document background
The Founder Termination Agreement is a critical document used when a company founder exits the business, whether through mutual agreement, retirement, or other circumstances. This document, structured under Irish law, serves as a comprehensive settlement agreement that addresses the complex nature of a founder's departure, including their multiple roles as officer, director, employee, and shareholder. It includes provisions for financial settlements, share treatments, intellectual property assignments, and ongoing obligations, while ensuring compliance with Irish corporate, employment, and tax laws. The agreement is particularly important for protecting both parties' interests, maintaining business continuity, and preventing future disputes. It should be customized based on the specific circumstances of the founder's departure and the company's requirements.
