Co-founder Agreement Template
Download our professional co-founder agreement template. This comprehensive template covers all essential aspects of a co-founder relationship including equity splits, roles, responsibilities, IP rights, and more.
CO-FOUNDER AGREEMENT
This Co-Founder Agreement (the "Agreement") is made on _______________ by and between:
1. _______________________ residing at _______________________ ("Founder 1")
2. _______________________ residing at _______________________ ("Founder 2")
collectively referred to as the "Co-founders" or "Parties."
1. THE COMPANY
1.1. The Co-founders agree to form and operate a _____________ under the name _________________ (the "Company").
1.2. The Company's primary business purpose is ___________________________________.
2. ROLES AND RESPONSIBILITIES
2.1. The Co-founders agree to the following primary roles and responsibilities:
Founder 1:
- _______________________
- _______________________
Founder 2:
- _______________________
- _______________________
2.2. Both Co-founders commit to working exclusively for the Company and will not engage in any other business activities without mutual written consent.
3. EQUITY ALLOCATION AND VESTING
3.1. The initial equity will be divided as follows:
- Founder 1: _______%
- Founder 2: _______%
3.2. Equity Vesting Schedule:
- Four-year vesting period with a one-year cliff
- 25% vests after the first year (cliff)
- Remaining 75% vests monthly over the next three years
- Full acceleration upon acquisition if the acquirer terminates the founder without cause
SIGNATURES
Founder 1:
Name: _______________________
Date: _______________________
Founder 2:
Name: _______________________
Date: _______________________
Witness:
Name: _______________________
Date: _______________________
Disclaimer: This is a template agreement and should be reviewed by legal counsel before use. It may need to be modified based on your specific circumstances and local laws.
Template provided by IndieMerger - Find your perfect co-founder at indiemerger.com
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