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1. Parties: Identification and details of all co-founders and the company (if already incorporated)
2. Background: Context of the agreement, business concept, and purpose of the collaboration
3. Definitions: Definitions of key terms used throughout the agreement
4. Company Formation: Details about company incorporation, legal form, and initial capital structure
5. Equity Distribution: Specification of initial shareholding percentages and any vesting arrangements
6. Capital Contributions: Details of financial and non-financial contributions from each co-founder
7. Roles and Responsibilities: Specific duties, commitments, and areas of responsibility for each co-founder
8. Decision Making: Governance structure, voting rights, and major decision requirements
9. Intellectual Property Rights: Assignment and ownership of IP created before and during the venture
10. Confidentiality: Obligations regarding confidential information and trade secrets
11. Non-Competition and Non-Solicitation: Restrictions on competing activities and soliciting employees/customers
12. Transfer of Shares: Rules and restrictions regarding the transfer of shares, including right of first refusal
13. Exit Provisions: Procedures for co-founder exit, including good/bad leaver provisions
14. Termination: Circumstances and procedures for terminating the agreement
15. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law
16. General Provisions: Standard clauses including notices, amendments, and severability
1. Employment Terms: Used when co-founders will also be employees, specifying employment conditions and compensation
2. Existing IP Assignment: Required when co-founders bring existing IP to the venture
3. Industry-Specific Regulations: Needed for businesses in regulated sectors like fintech or healthcare
4. Investment Commitments: Used when co-founders agree to make future capital investments
5. Board Composition: Required when establishing a board structure from the outset
6. Share Option Pool: Used when creating an employee share option pool
7. Founder Warranties: Additional warranties required for specific business circumstances
8. Dead-Lock Resolution: Detailed procedures for resolving management deadlocks in equal ownership situations
1. Schedule 1: Business Plan: Detailed business plan and strategy
2. Schedule 2: Capital Structure: Detailed breakdown of shareholding and capital structure
3. Schedule 3: Vesting Schedule: Detailed vesting terms and conditions for founder shares
4. Schedule 4: IP Register: List of existing IP rights brought into the business
5. Schedule 5: Initial Budget: First-year operational budget and financial projections
6. Schedule 6: Roles and Responsibilities Matrix: Detailed breakdown of each founder's duties and responsibilities
7. Appendix A: Company Formation Documents: Copies of company registration documents
8. Appendix B: Share Certificates: Copies of initial share certificates
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