The Founder Collaboration Agreement is essential when two or more individuals come together to establish a business venture in Singapore. This document serves as the foundational agreement that governs the relationship between co-founders, establishing clear parameters for ownership, management, and operations. It addresses critical aspects such as equity distribution, vesting schedules, intellectual property rights, and decision-making processes. Under Singapore's legal framework, this agreement helps prevent future disputes by clearly documenting the founders' intentions and obligations. It's particularly crucial in the startup ecosystem where clear alignment between founders is essential for securing investment and ensuring sustainable growth.
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Key Requirements PROMPT example:
Founder Collaboration Agreement
"I need a Founder Collaboration Agreement for a Singapore-based fintech startup with three co-founders, where two founders will contribute technical expertise and one will provide initial capital of SGD 500,000, with a 4-year vesting schedule starting March 2025."
1. Parties: Identification and details of all founding parties
2. Background: Context and purpose of the collaboration
3. Definitions: Key terms used throughout the agreement
4. Roles and Responsibilities: Detailed description of each founder's duties and commitments
5. Equity Structure: Share allocation and vesting arrangements
6. Decision Making: Voting rights and governance structure
7. Intellectual Property: IP ownership, assignment, and protection
8. Confidentiality: Protection of confidential information
9. Term and Termination: Duration and grounds for termination
1. Non-Compete: Restrictions on competitive activities during and after collaboration
2. Employment Terms: Employment conditions if founders are also employees of the company
3. Funding Commitments: Initial capital contributions and future funding obligations
4. Dispute Resolution: Specific mechanisms for resolving disagreements between founders
1. Schedule 1: Business Plan: Detailed business strategy and objectives
2. Schedule 2: IP Register: List of existing IP and ownership details
3. Schedule 3: Vesting Schedule: Detailed equity vesting timeline and conditions
4. Schedule 4: Initial Contributions: List of assets, capital, or resources contributed by each founder
5. Appendix A: Key Performance Indicators: Metrics for measuring founder performance
Authors
Relevant legal definitions
Agreement
Board
Business
Business Day
Business Plan
Commencement Date
Company
Confidential Information
Deadlock
Effective Date
Equity Interest
Fair Market Value
Founders
Good Leaver
Intellectual Property Rights
Initial Business Plan
Key Performance Indicators
Material Breach
Parties
Reserved Matters
Restricted Business
Restricted Period
SGD
Shares
Share Capital
Singapore
Subscription Price
Territory
Transfer
Vesting Period
Vesting Schedule
Bad Leaver
Working Hours
Exit Event
Founder Majority
Initial Capital Contribution
Pre-Existing IP
Qualifying IPO
Tag-Along Rights
Drag-Along Rights
Board
Business
Business Day
Business Plan
Commencement Date
Company
Confidential Information
Deadlock
Effective Date
Equity Interest
Fair Market Value
Founders
Good Leaver
Intellectual Property Rights
Initial Business Plan
Key Performance Indicators
Material Breach
Parties
Reserved Matters
Restricted Business
Restricted Period
SGD
Shares
Share Capital
Singapore
Subscription Price
Territory
Transfer
Vesting Period
Vesting Schedule
Bad Leaver
Working Hours
Exit Event
Founder Majority
Initial Capital Contribution
Pre-Existing IP
Qualifying IPO
Tag-Along Rights
Drag-Along Rights
Clauses
Interpretation
Business of the Company
Share Capital and Ownership
Vesting
Board Composition
Management and Decision Making
Roles and Responsibilities
Capital Contributions
Intellectual Property Rights
Confidentiality
Non-Competition
Non-Solicitation
Pre-Emptive Rights
Tag-Along Rights
Drag-Along Rights
Good Leaver/Bad Leaver
Exit Provisions
Death and Incapacity
Representations and Warranties
Default
Termination
Dispute Resolution
Notices
Assignment
Severability
Entire Agreement
Governing Law
Force Majeure
Anti-Dilution
Information Rights
Reserved Matters
Deadlock Resolution
Further Assurance
Business of the Company
Share Capital and Ownership
Vesting
Board Composition
Management and Decision Making
Roles and Responsibilities
Capital Contributions
Intellectual Property Rights
Confidentiality
Non-Competition
Non-Solicitation
Pre-Emptive Rights
Tag-Along Rights
Drag-Along Rights
Good Leaver/Bad Leaver
Exit Provisions
Death and Incapacity
Representations and Warranties
Default
Termination
Dispute Resolution
Notices
Assignment
Severability
Entire Agreement
Governing Law
Force Majeure
Anti-Dilution
Information Rights
Reserved Matters
Deadlock Resolution
Further Assurance
Relevant Industries
Relevant Teams
Relevant Roles
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