Co Founder Exit Agreement Template for Philippines

1. Intellectual Property Assignment: Required when the departing co-founder needs to formally transfer IP rights to the company

2. Transition Services: Include when the co-founder will provide transitional support post-exit

3. Advisory Role: Used when the co-founder will continue in an advisory capacity

4. Employee Matters: Required if the co-founder holds an employment position that needs termination

5. Outstanding Loans and Debts: Include if there are any financial obligations between the parties to be settled

6. Earnout Provisions: Used when part of the exit payment is contingent on future performance

7. Board Resignation: Required if the co-founder holds board positions

8. Public Announcements: Include for guidelines on how the exit will be communicated externally

1. Schedule A - Share Details: Details of shares held, including class, number, and percentage ownership

2. Schedule B - Valuation Report: Independent valuation of the shares being transferred

3. Schedule C - Payment Schedule: Detailed breakdown of payment installments and dates

4. Schedule D - Company Assets: List of company assets in which the departing co-founder has interests

5. Schedule E - Intellectual Property: Comprehensive list of IP rights being transferred

6. Schedule F - Outstanding Obligations: List of any pending commitments or obligations

7. Appendix 1 - Resignation Letters: Template or copies of resignation letters from various positions

8. Appendix 2 - Share Transfer Forms: Required legal forms for share transfer under Philippine law