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Co Founder Equity Agreement
"I need a Co-Founder Equity Agreement for my new fintech startup launching in March 2025, with three co-founders having different equity splits (40/40/20) and a four-year vesting schedule with a one-year cliff."
1. Parties: Identification and details of all co-founders and the company
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Equity Allocation: Details of share distribution between co-founders
5. Vesting Provisions: Terms of share vesting schedule and conditions
6. Roles and Responsibilities: Defined roles and duties of each co-founder
7. Transfer Restrictions: Limitations on share transfer and right of first refusal
8. Termination: Circumstances and processes for agreement termination
1. Intellectual Property Rights: Provisions for IP ownership, assignment and protection between co-founders and the company
2. Non-Compete Provisions: Restrictions on competitive activities and protection of business interests
3. Investment Rights: Terms governing future investment rounds and related rights
4. Good/Bad Leaver Provisions: Specific terms and consequences for voluntary or involuntary departure of co-founders
1. Share Vesting Schedule: Detailed timeline and conditions for share vesting
2. Business Plan: Initial business plan and strategy document
3. Share Certificate Templates: Standard forms for share certification
4. IP Assignment Forms: Templates and forms for intellectual property transfer documentation
5. Shareholders' Rights Schedule: Detailed breakdown of shareholder privileges, obligations and voting rights
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