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For a sample template of a founder's legal agreement, see Sample funding documents for Ontario entrepreneurs. This document is a short form co-founder agreement intended for use by the founders of a new startup who wish to provide for some level of claw-back of a co-founder's initial shareholding if he or she ceases to work for the company (whether as an employee or contractor). The Company will continue perpetually, unless dissolved in accordance with this agreement.
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Once you're about to do your first funding round or you've begun to pay yourself a salary from your startup, you should upgrade your Founders.
In a way, think of the founder agreement as a form of 'pre-nuptial agreement'." - Richard Harroch.
Generally, people will pay real money for t. Here's more on what founders' agreements are, and why it's mission critical for early stage companies to have. Create yours now by setting up a free SeedLegals account.
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