Multiple parties      List of shareholders       Vesting schedule

What is a Founder Collaboration Agreement?

A Founder Collaboration Agreement is a legal document that outlines the terms and conditions under which the founders of a company agree to work together to develop and grow the business. It typically covers important aspects such as the roles and responsibilities of each founder, decision-making processes, ownership of intellectual property, equity distribution, dispute resolution mechanisms, and procedures for handling the departure of a founder. This agreement is crucial for establishing a clear understanding among the founders and ensuring alignment towards the common goals of the venture.

Tips

• Legal Review: Consult with a qualified attorney experienced in startup law to ensure that the agreement complies with relevant laws and adequately protects the interests of all parties involved.
• Regular Review and Update: Periodically review and update the Founder Collaboration Agreement as the business evolves and new challenges arise. This ensures that the agreement remains relevant and reflects the current needs and circumstances of the company.