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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."
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You keep IP ownership of your information
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
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
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
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