Co-Founder Agreement

Suitable for all Australian states and territories

A Co-Founder Agreement allows you to set out the equity ownership, initial investments and responsibilities of each Co-Founder.

Document Overview

Getting together with a friend or two and creating a new business is an exciting time in any entrepreneur’s life. However, Co-Founders are often so busy building and running their new business that they skip a hugely important step, the Co-founder Agreement. A Co-founder Agreement is a contract between Co-Founders setting out the ownership, initial investments and responsibilities of each Co-Founder. This agreement also safeguards you in the case of a dispute, as it can provide protection to show what the co-founder agreed to.

Use this Co-Founder Agreement if:

  • You are a co-founder and would like to clearly set out the equity participation in your new business.

What does the Co-Founder Agreement cover?

  • Co-Founder details;

  • Project description;

  • Equity breakdown and initial capital contributions;

  • Roles and responsibilities of each Co-Founder;

  • Management and approval rights;

  • Non-compete, confidentiality and intellectual property; and

  • Resignation, dissolution and removal of directors.

Other names for Co-Founder Agreement include:

  • Founders Agreement; and

  • Hackathon Collaboration Agreement.

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Otago Originals