contracts - DOCX / PDF
Cofounder Agreement
Cofounder partnership agreement with equity split, vesting, roles, and IP assignment
Cofounder Agreement
Party 1 (Name / Company)
Party 1 Address
Party 2 (Name / Company)
Party 2 Address
Effective Date
Equity split
Vesting schedule
Roles and responsibilities
Time commitment
Salary/compensation
IP assignment
Decision-making
Founder departure
Non-compete
Deadlock resolution
Duration / End Date
Signature
Signature
For startup cofounders formalizing their partnership before or at incorporation.
Key Sections
- Equity split with justification basis
- Vesting schedule (4-year with 1-year cliff standard)
- Roles and responsibilities for each cofounder
- Time commitment (full-time vs. part-time, moonlighting policy)
- Salary/compensation (deferred or active, when it begins)
- IP assignment (all prior and future work assigned to company)
- Decision-making authority and voting rights
- Founder departure scenarios (voluntary, for cause, disability)
- Non-compete and non-solicit terms
- Deadlock resolution mechanism
- Financing decisions and dilution
Should be formalized alongside certificate of incorporation. Legal counsel review strongly recommended.
Customize equity terms and define roles in PDFb2.
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