This document is intended for use by the founders of a new startup who wish to provide for some level of claw-back of a co-founder’s initial shareholding if he or she:
This type of arrangement is referred to in the startup and venture capital world as founder vesting.
The approach taken in this document is to provide for progressive vesting of a co-founder’s shares over a set period (e.g. 36 months). If the co-founder leaves the company or fails to make the required contribution to the business during that period, the company has the option to repurchase unvested shares for the price originally paid by the co-founder for those shares (which will usually be nil, if the shares were issued on incorporation of the company).
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This is a simple document to outline the main in principle terms of a proposed commercial relationship. The document is not legally binding (other than the confidentiality, termination, and governing…
This is a template checklist which sets out the steps typically required to take a series A investment transaction from signing to completion.
This agreement is for use when a company primarily wishes to bring in employees from a target company, rather than acquiring its business.