Founders Agreement Template
Download our professional founders agreement template. This comprehensive template covers all essential aspects of a co-founder relationship including equity splits, roles, responsibilities, IP rights, and more.
Download Agreement Template (PDF)
1. THE COMPANY
1.1. The Co-founders agree to form and operate a ___________ under the name ___________ (the "Company").
1.2. The Company's primary business purpose is ________________.
2. ROLES AND RESPONSIBILITIES
2.1. The Co-founders agree to the following primary roles and responsibilities:
Founder 1:
Founder 2:
2.2. Both Co-founders commit to working exclusively for the Company and will not engage in any other business activities without mutual written consent.
3. EQUITY ALLOCATION AND VESTING
3.1. The initial equity will be divided as follows:
- Founder 1: _________%
- Founder 2: _________%
3.2. Equity Vesting Schedule:
- Four-year vesting period with a one-year cliff
- 25% vests after the first year (cliff)
- Remaining 75% vests monthly over the next three years
- Full acceleration upon acquisition if the acquirer terminates the founder without cause
SIGNATURES
Founder 1:
Name: __________
Date: __________
Founder 2:
Name: __________
Date: __________
Witness:
Name: __________
Date: __________
Disclaimer: This is a template agreement and should be reviewed by legal counsel before use. It may need to be modified based on your specific circumstances and local laws.