Co Founder Separation Agreement Template for Singapore

The Co-Founder Separation Agreement becomes necessary when one or more founders decide to part ways from a business venture. This comprehensive document, governed by Singapore law, establishes clear terms for the separation, including the transfer or retention of shares, intellectual property rights, confidentiality obligations, and any ongoing commitments. It helps prevent future disputes by clearly defining each party's rights and obligations, ensuring compliance with Singapore's corporate and employment laws, and protecting the interests of both the departing founder and the continuing business. The agreement is particularly crucial for startups and growing companies where founder relationships significantly impact business operations and stakeholder confidence.

1. Parties: Identification of all parties involved in the separation

2. Background: Context of the co-founder relationship and reasons for separation

3. Definitions: Key terms used throughout the agreement

4. Resignation and Release: Terms of resignation from all positions and mutual releases

5. Share Transfer Provisions: Details of any share transfers, including pricing and mechanism

6. Confidentiality Obligations: Ongoing confidentiality requirements

7. Intellectual Property Rights: Assignment or retention of IP rights

8. General Provisions: Standard boilerplate clauses including governing law