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Co Founder Agreement
"I need a Co-Founder Agreement for a Singapore-based fintech startup with three founders, where two founders will work full-time and one part-time, with equity split of 40-40-20 and a 4-year vesting schedule starting March 2025."
1. Parties: Identification and details of all co-founders
2. Background: Context of the agreement and business venture
3. Definitions: Key terms used throughout the agreement
4. Roles and Responsibilities: Detailed description of each co-founder's duties and obligations
5. Equity Distribution: Initial shareholding structure and vesting terms
6. Intellectual Property Rights: Ownership and assignment of IP
7. Confidentiality: Protection of company and personal confidential information
8. Term and Termination: Duration and conditions for ending the agreement
1. Non-Compete: Restrictions on competing activities - use when protecting specific market interests or trade secrets
2. Remuneration: Salary, benefits, and compensation structure - use when co-founders will receive regular compensation
3. External Activities: Rules regarding outside business interests - use when co-founders maintain other business interests
4. Death/Incapacity Provisions: Procedures in case of death or incapacity - use for comprehensive succession planning
1. Business Plan: Detailed business strategy and objectives
2. Vesting Schedule: Detailed equity vesting timeline and conditions
3. IP Schedule: List of existing IP brought into the business
4. Services Schedule: Detailed description of services to be provided by each founder
5. Share Capital Structure: Detailed breakdown of shareholding and share classes
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