Founder Agreement

Effective date: [Date]

This Founder Agreement is entered into by and between [Company legal name], [address and entity details] (“Company”), and [Founders legal name], [address and entity details] (“Founders”), together the “Parties.”

1. Parties and purpose

[Legal names and entity status]

2. Roles and time commitment

[Role, expected commitment, and reserved matters]

3. Equity and vesting

[Share or option percentages and vesting start date]

4. Decision rights

[Cliff, acceleration, and leaver treatment]

5. IP and confidentiality

[Pre-existing IP schedule]

6. Expenses and compensation

[Notice, cure, and dispute process]

7. Departure and repurchase

[Departure and repurchase: record the definitions, obligations, approvals, timing, exceptions, and consequences that apply to this Founder Agreement]

8. Dispute resolution

[Dispute resolution: record the definitions, obligations, approvals, timing, exceptions, and consequences that apply to this Founder Agreement]

Signatures

Company

Name: [Name]
Title: [Title or capacity]
Signature: ____________________
Date: [Date]

Founders