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I will draft a startup founder agreement and co founder contract
Licensed UK Solicitor, Startup Legal, Contracts and Shareholder Agreements
Hello, I am Olufunke Abby, a fully licensed UK Solicitor with extensive legal practice experience. I specialize in protecting tech ventures, startups, and growing enterprises with bulletproof commerci...
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Misalignment between co-founders is one of the leading causes of early-stage startup failure. A legally binding Founder Agreement establishes clear expectations, equity distribution, decision-making authority, and asset ownership before conflicts arise.
As a qualified UK Solicitor, I draft comprehensive Co-Founder Agreements designed to protect both individual founders and the startup entity.
Key Provisions Included:
- Equity Allocation & Vesting Schedules (with Cliff provisions)
- Roles, Responsibilities & Time Commitments
- Intellectual Property (IP) Assignment to the Company
- Capital Contributions & Future Financing Rules
- Departure, Buyout, and Voluntary/Involuntary Exit Terms
Avoid unwritten promises and operational uncertainty. Protecting your company early creates a solid legal foundation that investors respect.
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FAQ
Why do startups need a Founder Agreement?
It prevents equity disputes, legally secures intellectual property to the startup, and defines exit procedures for co-founders.
What is a vesting schedule with a cliff?
It ensures founders earn their equity over time (e.g., 4 years) with a minimum service requirement (1-year cliff) before equity locks in.
Can IP created before incorporation be transferred using this agreement?
Yes, IP assignment clauses ensure all prior and future inventions belong exclusively to the business entity.
What happens if a co-founder leaves the startup early?
The agreement specifies unvested equity clawbacks and repurchase options to protect remaining founders.
Can this document be used for pre-revenue companies?
Yes, it is designed for early-stage and pre-revenue startups to establish governance from day one.
