Share holder agreement between co-founder?
- posted by: Ryan on 2015-11-18
- tagged:
legal, lean-startup, finance
- score: 4
Is it common to have co-founders to sign a agreement to protect the early stage startups, e.g.
- prevent selling of personal owned equity without board approval
- prevent diluting of share without all the people agree
- non-compete agreement if the co-founder leave the company
- ..
Are there such a good template to follow?
Answer 7884
- posted by: Dawny33 on 2015-11-18
- score: 3
Yes, co-founders do sign an agreement to protect their idea and startups. Some things on which they agree upon are:
- Equity Ownership and vesting
- Capital Split (while bootstrapping)
- Defining the Roles and responsibilities
- Concurrent Non-complete (in case a partner is consulted by any other business about the company.)
Here is a nice template for the same.
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