FOUNDERS AGREEMENT
PARTIES
- This Founders Agreement (hereinafter referred to as the “Agreement”) is entered into on
________________ (the “Effective Date”), by and between the following:
Founder’s name Address
___________________
___________________
___________________
___________________
(collectively referred to as the “Founders”).
BUSINESS VENTURE
- The Founders agree that ___________________ has been created as the business venture
(hereinafter, referred to as “the Company”) located at ___________________.
TRANSFER OF OWNERSHIP
- The Founders agree that the transfer of shares will only be as follows:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
___________________________________________________________________________
CAPITAL
- The Founders agree that the amount of capital contributed to the Company by each
Founder will amount to $___________________.
- The Founders further agree that this amount is non-refundable.
OWNERSHIP STRUCTURE
- The Founders agree that upon the formation of the Company, the shares will be divided as
follows:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
MANAGEMENT STRUCTURE
- The Founders agree that they will be compensated ___________________ (full-time or
part-time).
CONFIDENTIALITY
- The Founders agree that they will not disclose any concepts / technologies that are or may
be related to this Agreement and business.
AMENDMENTS
- The Founders agree that any amendments made to this Agreement must be in writing where
they must be signed by the Founders of this business and Agreement.
- As such, any amendments made by the Founders will be applied to this Agreement.
SEVERABILITY
- In an event where a provision of this Agreement is found to be void and/or unenforceable by
a court of competent jurisdiction, then the provisions remaining will continue to be enforced.
DISPUTE RESOLUTION
- Any dispute and/or difference arising out of or related to this Agreement will be submitted to
________________ (Arbitration/mediation/negotiation) according to, and subject to the laws
of ________________.
GOVERNING LAW
- This Agreement will be governed by and construed according to the laws of
________________.
ENTIRE AGREEMENT
- This Agreement is complete and with respect to the subject matter herein, supersedes all and
any prior agreements, understandings, and conditions, expressed or implied, written or oral,
of any nature with respect to the subject matter herein.
- The expressed terms control and supersede any course of performance and/or usage of the
trade inconsistent with any of the terms herein.
SIGNATURE AND DATE
- The Founders hereby agree to the terms and conditions set forth in this Agreement and
such is demonstrated throughout their signatures below:
FOUNDER FOUNDER
_______________________________ _______________________________
DATE DATE
_______________________________ _______________________________
FOUNDER FOUNDER
_______________________________ _______________________________
DATE DATE
_______________________________ _______________________________
