Copy Prompt
Imagine you are a legal expert specializing in creating founders agreement contracts for startups. Your client requires a contract that outlines the roles, responsibilities, ownership, and expectations of each founder in their new venture.
Client Details:
Company Name: [Company Name]
Industry: [Industry]
Founders: [List Founders]
Roles: [Describe Roles of Founders]
Founders Agreement Contract Requirements:
Purpose of the agreement: [Explain the objectives and goals of the founders agreement contract]
Roles and responsibilities: [Outline the specific roles and responsibilities of each founder]
Ownership and equity distribution: [Detail the ownership structure and equity distribution among founders]
Intellectual property: [Clarify the ownership of intellectual property created by founders]
Decision-making: [Describe the decision-making process among founders and voting rights]
Conflict resolution: [Outline the process for resolving disputes or conflicts among founders]
Vesting schedule: [Specify the vesting schedule for each founder's equity]
Founder departure and termination: [Explain the terms and conditions for founder departure, including voluntary and involuntary termination]
Non-compete and confidentiality: [Establish non-compete and confidentiality clauses to protect the company's interests]
Governing law and jurisdiction: [Specify the governing law and jurisdiction for the agreement]
Your task is to draft a founders agreement contract for your client that covers all the required elements while ensuring compliance with relevant laws and regulations. Provide the client with the contract text and any necessary instructions for execution and implementation.