FOUNDER DEED
Basic partnership terms for two people starting up.
Co-Founder Agreement
With Vesting Visualizer
1. Founder Details
2. Vesting Logic
3. Company Info
Founder Agreement
For [Company Name]
This Founder Agreement (the "Agreement") is entered into as of December 19, 2025 (the "Effective Date") by and between:
- [Founder 1 Name] ("Founder 1")
- [Founder 2 Name] ("Founder 2")
Collectively referred to as the "Founders". The Founders agree to the following terms regarding the ownership and operation of [Company Name] (the "Company").
1. Equity Ownership
The initial equity ownership of the Company shall be divided as follows:
- Founder 1: 50% (CEO)
- Founder 2: 50% (CTO)
2. Vesting Schedule
The Founders' shares shall be subject to a vesting schedule of 4 years, calculated from the Effective Date. There shall be a cliff period of 12 months, during which no shares shall vest.
*Note: If a Founder leaves the company before the cliff period ends, they retain 0% of their equity. After the cliff, equity vests monthly on a pro-rata basis.
3. Roles & Responsibilities
Founder 1 shall serve as CEO and be responsible for the overall strategy and management of the Company.
Founder 2 shall serve as CTO and be responsible for the technical development and product strategy.
4. Intellectual Property
Each Founder agrees that all Intellectual Property (IP) created, developed, or conceived by them related to the business of the Company shall belong exclusively to the Company. This includes all code, designs, business plans, and trademarks.
5. Voluntary Departure
If a Founder voluntarily leaves the Company, the Company shall have the right to repurchase any unvested shares at par value. Vested shares shall be retained by the departing Founder.
Signature
[Founder 1 Name]
Founder 1
Signature
[Founder 2 Name]
Founder 2
This is a standard template. Consult a lawyer for binding agreements.