Startup Founders Agreement Template – US

Legal Notice

The following document serves as a generic exemplar for establishing agreement terms among startup founders within the United States. It is provided solely for informational purposes and does not constitute legal counsel. Users should consult qualified legal professionals to ensure compliance with applicable laws and regulations relevant to their specific circumstances. Responsibility for the proper adaptation and verification of this template rests solely with the user, and no liability is assumed for any errors, omissions, or legal issues resulting from its use without expert review.

Please note: This is a sample Startup Founders Agreement template for illustrative purposes only. Actual terms may differ based on specific arrangements and applicable legal considerations.

Startup Founders Agreement Sample

Parties Involved:

Founder A: Alice Johnson
Address: 1234 Innovation Drive, San Francisco, CA 94107

Founder B: Bob Lee
Address: 5678 Startup Lane, San Francisco, CA 94109

Purpose:

This agreement outlines the terms and conditions relating to the co-founding of the startup project, including ownership interests, responsibilities, and dispute resolution mechanisms.

Equity Ownership:

Founder A shall hold 60% equity, and Founder B shall hold 40% equity in the company, subject to vesting schedules and further agreements.

Contributions & Responsibilities:

Each founder commits to contributing resources, time, and efforts as agreed upon, including product development, fundraising, and business operations.

Intellectual Property:

All intellectual property created during the course of this partnership shall be owned jointly or as specified, and assigned to the startup upon creation.

Term and Termination:

This agreement shall remain in effect until terminated by mutual consent or breach, with provisions for resolving ongoing obligations.

Confidentiality:

Both parties agree to keep proprietary information confidential and not disclose it to third parties without prior consent.

Governing Law:

This agreement shall be governed by the laws of the State of California. Disputes shall be resolved within the jurisdiction of San Francisco courts.

Additional Provisions:

• Founders agree to work in good faith towards the success of the startup.
• Amendments must be in writing and signed by all founders.
• Disagreements shall be resolved through arbitration or mediation as agreed.

San Francisco, ______________________