Disclaimer
The following document serves as an illustrative example of an agreement between founding partners in the United States. It is provided for informational purposes only and does not constitute legal advice. This template should not replace consultation with a qualified attorney specializing in corporate law or partnership agreements to ensure compliance with relevant laws and specific circumstances. Users assume responsibility for any modifications or use, and we disclaim any liability arising from its application without professional legal review.
Please note: This is a sample Co-Founder Agreement template for illustrative purposes only. Actual terms should be tailored to specific arrangements and legal requirements.
Sample Co-Founder Agreement (US)
Parties Involved:
Founders: Alice Johnson & Bob Lee
Address: 123 Innovation Drive, San Francisco, CA 94107
Purpose:
This agreement outlines the terms and conditions regarding the co-founding of XYZ Startup, including ownership, responsibilities, and profit sharing.
Equity & Ownership:
The founders agree to allocate ownership interests as follows: Alice Johnson – 60%, Bob Lee – 40%. Ownership percentages may be adjusted based on contributions and agreed-upon milestones.
Roles & Responsibilities:
Each founder commits to contributing their respective skills and efforts toward the development, management, and success of the company.
Decision-Making:
Major decisions require mutual agreement. Routine decisions can be made jointly or delegated as specified herein.
Governing Law:
This agreement shall be governed by the laws of the State of California. Disputes shall be subject to resolution in California courts.
Additional Provisions:
- Founders agree to maintain confidentiality regarding proprietary information.
- Any amendments must be in writing and signed by both parties.
- Intellectual property created during the partnership belongs to the company.
San Francisco, ______________________
Alice Johnson (Co-Founder)
Bob Lee (Co-Founder)