Founders Agreement Template Y Combinator

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Founders Agreement Template

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Founders Agreement Template (Y Combinator) (1)
Between:
[Name of Founder 1]
[Founder 1’s ID]
[Founder 1’s Address]
[Founder 1’s Phone]
[Founder 1’s Email]
And:
[Name of Founder 2]
[Founder 2’s ID]
[Founder 2’s Address]
[Founder 2’s Phone]
[Founder 2’s Email]
Introduction:
This document formalizes the terms and conditions of the partnership formed by the Founders for the purpose of establishing and managing [Company Name] commencing on [Date].
Clause 1: Objectives
The Founders agree to jointly pursue the business opportunities of [Brief Description of Business Activities].
Clause 2: Equity Distribution
The Founders will divide equity in the company as follows: [Specify Distribution, e.g., Founder 1 – X%, Founder 2 – Y%].
Clause 3: Roles and Responsibilities
Each Founder will undertake specific roles: [List Roles and Responsibilities].
Clause 4: Decision Making
Decisions affecting the company will be made by a majority vote of the Founders, with major decisions requiring unanimous consent as defined here: [Specify Major Decisions].
Clause 5: Confidentiality and Non-Disclosure
The Founders agree to maintain confidentiality regarding proprietary information, trade secrets, and sensitive business matters.
Clause 6: Termination
This agreement may be terminated under conditions such as [Specify Conditions for Termination].
Clause 7: Governing Law
This agreement will be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Founder 1]
[Name of Founder 1]
[Signature of Founder 2]
[Name of Founder 2]
Founders Agreement Template (Y Combinator) (2)
Between:
[Name of Founder 1]
[Founder 1’s ID]
[Founder 1’s Address]
[Founder 1’s Phone]
[Founder 1’s Email]
And:
[Name of Founder 2]
[Founder 2’s ID]
[Founder 2’s Address]
Introduction:
This agreement outlines the terms for collaboration between the Founders for the establishment of [Company Name], effective from [Date].
Clause 1: Purpose of Agreement
The Founders commit to work together for the realization of the business idea: [Brief Description of Business Idea].
Clause 2: Shareholding Structure
The shareholding will be allocated as follows: [Detail the Share Distribution].
Clause 3: Management Duties
The Founders shall have the following management roles: [List Management Duties].
Clause 4: Strategic Decisions
Strategic decisions will require a minimum of [Specify Approval Threshold] votes from the Founders.
Clause 5: Confidential Information
Both parties agree to protect the confidentiality of sensitive information, and not disclose it to third parties unless legally required.
Clause 6: Exit Strategy
In the case of a Founder leaving, the terms will be defined as follows: [Specify Exit Terms].
Clause 7: Governing Law
This agreement is subject to the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Founder 1]
[Name of Founder 1]
[Signature of Founder 2]
[Name of Founder 2]

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Please complete the form below to create the Founders Agreement Template for Y Combinator. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Founders Agreement Template

1. Founder Information




2. Company Information


3. Equity Distribution


4. Roles and Responsibilities

5. Decision-Making and Voting Rights

6. Confidentiality and Non-Disclosure Agreement

7. Dispute Resolution

8. Amendment and Termination

9. Acknowledgment and Signatures



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Founders Agreement Template

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Founders Agreement Template Y Combinator