Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Co Founder Separation Agreement
"I need a Co-Founder Separation Agreement for a technology startup where I'm the departing founder, transferring 25% shareholding back to the company, and need to include specific provisions about the AI technology I developed while maintaining some ongoing consulting arrangements for 6 months post-departure in March 2025."
1. Parties: Identification of all parties to the agreement, including the departing co-founder, remaining co-founder(s), and the company
2. Background: Context of the co-founder relationship, business structure, and reason for separation
3. Definitions: Definitions of key terms used throughout the agreement
4. Effective Date and Transition Period: Specification of when the separation takes effect and any transition period arrangements
5. Resignation and Role Cessation: Terms of the co-founder's resignation from all positions (director, officer, employee, etc.)
6. Share Transfer and Consideration: Details of any share transfers, including timing, pricing, and payment terms
7. Intellectual Property Rights: Assignment and retention of IP rights, including developed technology and confidential information
8. Confidentiality Obligations: Ongoing confidentiality requirements and handling of sensitive information
9. Non-Compete and Non-Solicitation: Restrictions on future competitive activities and solicitation of employees/clients
10. Mutual Release: Release of claims between parties, subject to agreement terms
11. Representations and Warranties: Standard representations regarding authority, ownership, and compliance
12. Tax Matters: Handling of tax obligations and liabilities
13. Dispute Resolution: Process for resolving any disputes arising from the agreement
14. General Provisions: Standard boilerplate clauses including governing law, notices, and amendments
1. Ongoing Consulting Arrangement: Terms of any continuing consulting relationship with the departing co-founder
2. Employee Matters: Required when the co-founder was also an employee, addressing employment termination and benefits
3. Client Transition: Needed when the departing co-founder had significant client relationships that need transitioning
4. Outstanding Loans and Debts: Required when there are outstanding loans or debts between the parties
5. Board Observer Rights: Optional provisions for ongoing board observation rights for the departing co-founder
6. Earnout Provisions: Used when part of the separation payment is contingent on future performance
7. Public Relations and Communications: Required when public announcement of the separation needs coordination
8. Ongoing Technology Support: Needed when the departing co-founder needs to provide technical support post-separation
1. Schedule A - Share Transfer Details: Detailed breakdown of shares being transferred, including class, number, and certificate numbers
2. Schedule B - Payment Terms: Detailed payment schedule, including amounts, dates, and payment methods
3. Schedule C - Intellectual Property Inventory: Comprehensive list of IP assets and their disposition
4. Schedule D - Company Assets and Resources: List of company assets to be returned or retained
5. Schedule E - Ongoing Obligations: Detailed list of any continuing obligations or responsibilities
6. Appendix 1 - Resignation Letters: Form of resignation letters from various positions
7. Appendix 2 - Share Transfer Forms: Required share transfer documentation
8. Appendix 3 - Release Deed: Formal deed of release between parties
Authors
Technology
Startups
Professional Services
Financial Services
E-commerce
Healthcare
Software Development
Manufacturing
Retail
Consulting
Media and Entertainment
Biotechnology
Real Estate
Education Technology
Legal
Executive Leadership
Board of Directors
Human Resources
Finance
Compliance
Corporate Governance
Operations
Strategy
Administrative
Co-Founder
Chief Executive Officer
Managing Director
Company Director
Chief Technology Officer
Chief Financial Officer
Chief Operating Officer
Company Secretary
General Counsel
Legal Counsel
Corporate Lawyer
HR Director
Board Member
Compliance Officer
Chief Strategy Officer
Find the exact document you need
Founders Equity Agreement
An Australian-law compliant template agreement establishing equity arrangements and rights between company founders.
Founder Vesting Agreement
An Australian law-governed agreement that establishes the vesting schedule and conditions for founder shares in a company, typically used in startup environments.
Founders Contract
An Australian law-governed agreement establishing the rights, responsibilities, and relationships between company founders.
Startup Shareholders Agreement
An Australian-law governed agreement defining rights and relationships between startup shareholders, including governance, share transfers, and investor protections.
Pre Incorporation Founders Agreement
An Australian legal agreement establishing rights and obligations between founders before company incorporation.
Startup Equity Agreement
An Australian law-governed agreement that establishes the terms and conditions for equity distribution and management in a startup company.
Startup Advisor Equity Agreement
An Australian agreement establishing the terms of engagement and equity compensation between a startup and its advisor, including roles, responsibilities, and vesting conditions.
Co Founder Vesting Agreement
An Australian-law governed agreement that structures how company founders earn their equity over time through vesting arrangements.
Co Founder Separation Agreement
An Australian law-governed agreement that formalizes a co-founder's separation from a business, including share transfers, IP rights, and ongoing obligations.
Co Founder Exit Agreement
An Australian law-governed agreement documenting the terms and conditions for a co-founder's exit from a business entity, including share transfers and ongoing obligations.
Founder Shareholder Agreement
An Australian law-governed agreement establishing the fundamental rights and obligations between founding shareholders of a company, including ownership, management, and exit provisions.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.