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Co Founder Contract
"I need a Co-Founder Contract for a Swiss fintech startup with three co-founders, where I'm contributing the initial technology IP and want to ensure proper vesting schedules and IP protection, with the company planned to launch in March 2025."
1. Parties: Identification and details of all co-founders and the company (if already incorporated)
2. Background: Context of the agreement, including the business concept and purpose of the collaboration
3. Definitions: Key terms used throughout the agreement
4. Company Formation: Details about the company structure, incorporation process, and initial capital contribution
5. Roles and Responsibilities: Specific duties and responsibilities of each co-founder
6. Capital Contributions: Financial and non-financial contributions of each co-founder
7. Equity Distribution: Initial shareholding structure and any vesting arrangements
8. Management and Decision Making: Governance structure, voting rights, and decision-making processes
9. Intellectual Property Rights: Assignment and protection of IP created before and during the business
10. Confidentiality: Protection of confidential information and trade secrets
11. Non-Competition and Non-Solicitation: Restrictions on competitive activities and employee/client solicitation
12. Exit Provisions: Procedures for founder departure, including voluntary and involuntary exits
13. Transfer of Shares: Rules regarding the transfer of shares, including right of first refusal
14. Termination: Circumstances and procedures for agreement termination
15. Dispute Resolution: Procedures for resolving conflicts between co-founders
16. Governing Law: Specification of Swiss law as governing law and jurisdiction
1. Salary and Compensation: Terms of founder compensation when acting as employees - include when founders will draw salaries
2. External Investment: Procedures for accepting external investment and dilution - include if seeking external funding
3. Board Composition: Structure and operation of the board - include for larger startups with formal board
4. Deadlock Resolution: Specific procedures for resolving deadlock situations - important for 50/50 partnerships
5. Family Rights: Rights of family members regarding share inheritance - include if relevant to founders
6. International Operations: Provisions for international business activities - include if planning global operations
7. Founder Insurance: Requirements for key person insurance - include for high-risk ventures
8. Social Media and Public Relations: Guidelines for public communications - include for public-facing startups
1. Business Plan: Detailed business plan and strategy
2. Initial Shareholding Structure: Detailed breakdown of share allocation and classes
3. Vesting Schedule: Detailed terms of share vesting arrangements
4. Intellectual Property Register: List of existing IP brought into the business by each founder
5. Founder Résumés: Professional backgrounds and qualifications of each founder
6. Initial Capital Contributions: Detailed list of all initial contributions (cash and in-kind)
7. Key Performance Indicators: Metrics for evaluating founder performance
8. Company Valuation: Initial company valuation methodology and results
Authors
Technology and Software
Financial Services
Healthcare and Biotech
Professional Services
E-commerce
Manufacturing
Clean Technology
Education Technology
Food and Beverage
Real Estate
Consulting
Media and Entertainment
Retail
Telecommunications
Environmental Services
Research and Development
Legal
Executive Leadership
Board of Directors
Corporate Governance
Company Secretariat
Business Development
Strategy
Finance
Operations
Human Resources
Founder
Co-Founder
Chief Executive Officer
Chief Technology Officer
Chief Financial Officer
Chief Operating Officer
Managing Director
Company Director
Board Member
Executive Director
Startup Founder
Entrepreneur
Business Owner
Managing Partner
General Counsel
Corporate Secretary
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