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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."
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
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
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
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
Legal
Executive Leadership
Corporate Governance
Business Development
Finance
Administrative
Compliance
Risk Management
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
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