Common Contracts

Co founders equity agreement template

Co-Founder Agreement • July 28th, 2022

• Contract Type
  Co-Founder Agreement
• Filed
  July 28th, 2022

THIS FOUNDERS’ AGREEMENT (the “Agreement”) is made as of [Insert Date] by and among [Insert Company Name] (the “Company”), and the following founders (the “Founders”): • [Insert Founder Name] • [Insert Founder Name] NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter set forth, the parties hereto agree as follows: I. BUSINESS VENTURE The Founders have created [Insert brief description of business] (the “Business Venture”). The Company’s initial place of business is located at [Insert Company Address] II. INITIAL CAPITAL Each Founder agrees to contribute $[Insert Amount] as non-refundable initial capital to account for expected and potential company expenses. Additional capital contributions may be made to support the Company’s ongoing operating costs. These additional capital contributions are to be made only through the mutual written consent of all the Founders. III. OWNERSHIP STRUCTURE Upon the formation of the company, ownership sha