Founders Agreement for Startups
  • About this Agreement
    • Founders Details
    • Project Details
    • General Information
  • Daily Operations
    • Founders' Contributions
    • Founders' Duties
  • Complete the Document
    • Template's Format

Founders Details

  • How many parties want to create a project (the "Project")?

    !

    Party to this founders agreement can be an individual, business or organisation.

  • Indicate Founder A full name:

  • Indicate full business/mailing address of Founder A:

  • Indicate the contact email address of Founder A:

  • Indicate Founder B full name:

  • Indicate full business/mailing address of Founder B:

  • Indicate the contact email of Founder B:

  • Indicate Founder C's full name:

  • Indicate full business/mailing address of Founder C:

  • Indicate contact email of Founder C:

  • List full names and mail addresses of each party who signs this Agreement:

  • Provide contact email address of each party who signs this Agreement:

Project Details

  • Select the date on which all parties sign this Agreement:

  • Select the name of a state or territory which laws shall apply to this Agreement:

    !

    If the startup operates in one state or territory, select that state or territory.

    If, however, a startup operates in several states or territories, select a state where the main business operations or activities will take place.

  • Indicate full name of the project:

  • Provide a detailed description of the project’s purpose and its planned operations:

General Information

  • List all the assets, including equipment, real estate, shares, cash, that form the equity of the project:

    !

    This question asks you to identify and list all assets owned by the startup that contribute to its overall value.

    These assets include physical items like equipment and real estate, financial resources such as cash and investments, and ownership interests like shares in other companies. It also covers intangible assets, including intellectual property, brand value, software, and customer databases.

  • Describe how all intellectual property rights created in the course of the project should be shared between the founders:

    !

    Intellectual property rights may include designs, advice, reports, code, artwork, or any other intellectual property.

    Parties to this agreement may agree on either of the following:

    – only one party to this agreement shall own all IP rights;
    – all parties shall own IP rights in equal shares;
    – all parties shall own IP rights in proportion to the amount of their joint venture’s contribution; or
    – any other arrangement.

Founders' Contributions

  • What percentage of the project’s equity is owned by Founder A?

    !

    A party’s percentage of the project’s equity represents its ownership share in the project.

    This percentage determines how much control the party has in decision-making and how profits, losses, and assets are distributed between the parties.

    For instance, if John owns 5% of interest in the project, it means that he is entitled to only 5% of the profit generated by that project.

  • Founder A makes their contribution in the form of:

  • Indicate the amount of Founder A’s contribution, in Australia dollars:

  • Describe in detail form, type and the approximate value of Founder A's contribution:

    !

    If a party makes a contribution in the form of goods, services, or property, provide description and a monetary equivalent of such contribution in Australian dollars.

  • What percentage of the project’s equity is owned by Founder B?

  • Founder B makes their contribution in the form of:

  • Indicate Founder B’s contribution, in Australian dollars:

  • Describe in detail form, type and the approximate value of Founder B's contribution:

  • What percentage of the project’s equity is owned by Founder C?

  • Founder B makes their contribution in the form of:

  • Indicate Founder C’s contribution, in Australian dollars:

  • Describe in detail form, type and the approximate value of Founder C's contribution:

  • Specify the percentage ownership of each Founder in the project:

    !

    A party’s percentage of the project interest represents its ownership share in the project’s equity.

    This percentage determines how much control the party has in decision-making and how profits, losses, and assets are distributed between the parties.

    For instance, if John owns 5% of interest in the project, it means that he is entitled to only 5% of the profit generated by that project.

  • Indicate type of a contribution and its value in Australian dollars made by each founder:

    !

    If a party makes a cash contribution, indicate its amount. If a party makes a contribution in the form of goods, services, or property, indicate a monetary equivalent of such contribution.

    All answers should be given in Australian dollar.

  • Select the date by which founders must make their contributions in full:

Founders' Duties

  • List all duties and responsibilities of Founder A in relation to the project:

  • List all duties and responsibilities of Founder B in relation to the project:

  • List all duties and responsibilities of Founder C in relation to the project:

  • Describe in details the duties and responsibilities of each founder in relation to the project:

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