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Founders' agreements are the product of conversations that should take place among a company's founders at the early stages of formation rather than later in the life of a company.
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Pat, Chris, Jean, and Mikey are all of its shareholders and the authorized capital of the Company consists of. Also known as a "founders' agreement," this is a private contract among the initial founders that defines their rights and responsibilities as it relates to their interests and roles in the business. In addition, we will usually put in place vesting agreements with the founders that define how the stock is earned and when it will be forfeited if the person leaves the company. (This is itself a form of "stockholder agreement" because it binds each founder to the Company and therefore to the other founders, although it's an agreement.
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