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Founders Collaboration Agreement Template for Ireland

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Key Requirements PROMPT example:

Founders Collaboration Agreement

"I need a Founders Collaboration Agreement for a technology startup with three co-founders where two founders are contributing technical IP and one is contributing capital, with a planned Series A funding round in March 2025."

Document background
The Founders Collaboration Agreement is a crucial document for any group of individuals planning to establish or having recently established a business venture in Ireland. This agreement becomes particularly important during the early stages of company formation, whether pre-incorporation or immediately after incorporation. It serves as a comprehensive framework that governs the relationship between founders, protecting their interests while ensuring clear guidelines for business operations. The document is drafted in accordance with Irish law, including the Companies Act 2014 and relevant EU regulations, making it suitable for both domestic and international founders establishing their business in Ireland. By establishing clear terms around ownership, decision-making, intellectual property rights, and potential exits, the Founders Collaboration Agreement helps prevent future disputes and provides a solid foundation for business growth.
Suggested Sections

1. Parties: Identification of all founding members entering into the agreement

2. Background: Context of the collaboration and purpose of the agreement

3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpretation

4. Business of the Company: Description of the intended business activities and scope

5. Roles and Responsibilities: Detailed outline of each founder's role, duties, and time commitment

6. Decision Making: Process for making business decisions, including voting rights and reserved matters

7. Capital Contributions: Initial and future capital contributions, including valuation principles

8. Ownership and Equity: Distribution of shares/ownership and vesting arrangements

9. Intellectual Property Rights: Assignment and protection of IP created during the collaboration

10. Confidentiality: Protection of confidential information and trade secrets

11. Non-Competition and Non-Solicitation: Restrictions on competing activities and poaching of employees/clients

12. Transfer of Shares: Rules regarding the transfer of ownership interests, including right of first refusal

13. Exit Provisions: Procedures for founder exit, including good/bad leaver provisions

14. Termination: Circumstances under which the agreement can be terminated and consequences

15. Dispute Resolution: Procedures for resolving disagreements between founders

16. General Provisions: Standard legal clauses including governing law, notices, and entire agreement

Optional Sections

1. External Investment: Include when there are plans to seek external investment, covering investment terms and dilution principles

2. Founder Remuneration: Include when founders will receive salaries or other compensation beyond equity

3. Intellectual Property License: Include when any founder is licensing rather than assigning their pre-existing IP

4. International Operations: Include when business operations will span multiple jurisdictions

5. Dead Lock Resolution: Include for companies with equal ownership split to handle decision deadlocks

6. Family Succession Rights: Include when founders want to establish rights for family members in case of death/incapacity

7. Management Structure: Include when establishing a formal management structure beyond basic founder roles

Suggested Schedules

1. Schedule 1 - Business Plan: Detailed business plan including milestones and objectives

2. Schedule 2 - Initial Capital Contributions: Detailed breakdown of each founder's initial capital contribution

3. Schedule 3 - Share Vesting Schedule: Detailed vesting schedule for founders' shares

4. Schedule 4 - Existing IP: List of pre-existing intellectual property brought into the business

5. Schedule 5 - Reserved Matters: List of decisions requiring unanimous or special majority approval

6. Schedule 6 - Share Valuation Principles: Methodology for valuing shares in various circumstances

7. Appendix A - Contact Details: Contact information for all founders and official notices

8. Appendix B - Form of Deed of Adherence: Template for new parties joining the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
















































Clauses








































Relevant Industries

Technology

Financial Services

Healthcare

E-commerce

Manufacturing

Professional Services

Media and Entertainment

Education Technology

Biotechnology

Clean Energy

Agriculture Technology

Real Estate

Retail

Consulting

Software Development

Relevant Teams

Legal

Executive Leadership

Corporate Governance

Business Development

Finance

Administrative

Compliance

Risk Management

Relevant Roles

Founder

Co-founder

Chief Executive Officer

Managing Director

Company Director

Chief Technology Officer

Chief Financial Officer

Chief Operating Officer

Legal Counsel

Corporate Lawyer

Company Secretary

Business Development Director

Startup Advisor

Venture Capital Partner

Investment Manager

Corporate Governance Officer

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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