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Founder Collaboration Agreement Template for Singapore

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Key Requirements PROMPT example:

Founder Collaboration Agreement

"I need a Founder Collaboration Agreement for a Singapore-based fintech startup with three co-founders, where two founders will contribute technical expertise and one will provide initial capital of SGD 500,000, with a 4-year vesting schedule starting March 2025."

Document background
The Founder Collaboration Agreement is essential when two or more individuals come together to establish a business venture in Singapore. This document serves as the foundational agreement that governs the relationship between co-founders, establishing clear parameters for ownership, management, and operations. It addresses critical aspects such as equity distribution, vesting schedules, intellectual property rights, and decision-making processes. Under Singapore's legal framework, this agreement helps prevent future disputes by clearly documenting the founders' intentions and obligations. It's particularly crucial in the startup ecosystem where clear alignment between founders is essential for securing investment and ensuring sustainable growth.
Suggested Sections

1. Parties: Identification and details of all founding parties

2. Background: Context and purpose of the collaboration

3. Definitions: Key terms used throughout the agreement

4. Roles and Responsibilities: Detailed description of each founder's duties and commitments

5. Equity Structure: Share allocation and vesting arrangements

6. Decision Making: Voting rights and governance structure

7. Intellectual Property: IP ownership, assignment, and protection

8. Confidentiality: Protection of confidential information

9. Term and Termination: Duration and grounds for termination

Optional Sections

1. Non-Compete: Restrictions on competitive activities during and after collaboration

2. Employment Terms: Employment conditions if founders are also employees of the company

3. Funding Commitments: Initial capital contributions and future funding obligations

4. Dispute Resolution: Specific mechanisms for resolving disagreements between founders

Suggested Schedules

1. Schedule 1: Business Plan: Detailed business strategy and objectives

2. Schedule 2: IP Register: List of existing IP and ownership details

3. Schedule 3: Vesting Schedule: Detailed equity vesting timeline and conditions

4. Schedule 4: Initial Contributions: List of assets, capital, or resources contributed by each founder

5. Appendix A: Key Performance Indicators: Metrics for measuring founder performance

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































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Industries

Companies Act (Cap. 50): Primary legislation governing company formation, management, directors' duties, share allocation, shareholders' rights, and corporate governance requirements in Singapore

Employment Act (Cap. 91): Legislation covering employment terms, conditions, work hours, compensation, and leave entitlements, relevant when founders are also employees

Personal Data Protection Act 2012 (PDPA): Regulates the handling of personal data, data protection obligations, and privacy requirements for organizations in Singapore

Competition Act (Cap. 50B): Governs non-compete provisions, market competition considerations, and anti-competitive practices in Singapore

Patents Act (Cap. 221): Part of IP laws governing patent protection and innovation rights in Singapore

Copyright Act (Cap. 63): Legislation protecting creative works and governing copyright ownership and transfer in Singapore

Trade Marks Act (Cap. 332): Regulates trademark protection, registration, and enforcement in Singapore

Contract Law: Common law principles governing contract formation, obligations, breach remedies, and dispute resolution in Singapore

Partnership Act (Cap. 391): Legislation governing partnership structures, partners' rights and obligations, and profit sharing arrangements

Income Tax Act (Cap. 134): Tax legislation covering profit sharing, equity compensation, and business income taxation implications

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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