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Co Founder Agreement
"I need a Co-Founder Agreement for a Singapore-based fintech startup with three founders, where two founders will work full-time and one part-time, with equity split of 40-40-20 and a 4-year vesting schedule starting March 2025."
1. Parties: Identification and details of all co-founders
2. Background: Context of the agreement and business venture
3. Definitions: Key terms used throughout the agreement
4. Roles and Responsibilities: Detailed description of each co-founder's duties and obligations
5. Equity Distribution: Initial shareholding structure and vesting terms
6. Intellectual Property Rights: Ownership and assignment of IP
7. Confidentiality: Protection of company and personal confidential information
8. Term and Termination: Duration and conditions for ending the agreement
1. Non-Compete: Restrictions on competing activities - use when protecting specific market interests or trade secrets
2. Remuneration: Salary, benefits, and compensation structure - use when co-founders will receive regular compensation
3. External Activities: Rules regarding outside business interests - use when co-founders maintain other business interests
4. Death/Incapacity Provisions: Procedures in case of death or incapacity - use for comprehensive succession planning
1. Business Plan: Detailed business strategy and objectives
2. Vesting Schedule: Detailed equity vesting timeline and conditions
3. IP Schedule: List of existing IP brought into the business
4. Services Schedule: Detailed description of services to be provided by each founder
5. Share Capital Structure: Detailed breakdown of shareholding and share classes
Authors
Board
Business
Business Day
Business Plan
Company
Confidential Information
Co-Founder(s)
Effective Date
Encumbrance
Exit Event
Fair Market Value
Financial Year
Good Leaver
Intellectual Property Rights
Bad Leaver
Material Breach
Parties
Person
Shares
Share Capital
Shareholders
Singapore
Subsidiary
Term
Territory
Transfer
Vesting Period
Vesting Schedule
Working Hours
Restricted Business
Related Corporation
Relevant Securities
Reserved Matters
Services
Appointment and Scope
Roles and Responsibilities
Equity and Shareholding
Vesting
Capital Contributions
Intellectual Property Rights
Confidentiality
Non-Competition
Non-Solicitation
Board Composition
Decision Making
Reserved Matters
Remuneration
Expenses
Time Commitment
Leave Entitlement
External Activities
Share Transfer Restrictions
Right of First Refusal
Tag-Along Rights
Drag-Along Rights
Death and Incapacity
Good Leaver/Bad Leaver Provisions
Exit Provisions
Termination
Dispute Resolution
Force Majeure
Representations and Warranties
Notices
Assignment
Severability
Entire Agreement
Variation
Governing Law
Jurisdiction
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