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Founder Collaboration Agreement Template for Ireland

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Key Requirements PROMPT example:

Founder Collaboration Agreement

"I need a Founder Collaboration Agreement for a technology startup with three co-founders, where one founder is bringing existing software IP and another is working part-time while maintaining their current job until March 2025."

Document background
The Founder Collaboration Agreement is essential for entrepreneurs establishing a new business venture in Ireland. This document should be implemented at the earliest stages of company formation, ideally before significant business operations commence. It serves as a crucial foundation for the working relationship between founders, addressing key aspects such as equity distribution, roles and responsibilities, intellectual property rights, and decision-making processes. The agreement helps prevent future disputes by clearly documenting the founders' intentions and commitments, while ensuring compliance with Irish company law and related regulations. It's particularly important for startups seeking investment, as investors often require clear documentation of founder relationships and obligations.
Suggested Sections

1. Parties: Identification and details of all founding members entering into the agreement

2. Background: Context of the agreement, including the business concept and purpose of collaboration

3. Definitions: Key terms used throughout the agreement

4. Scope and Purpose: Detailed description of the business venture and collaboration objectives

5. Roles and Responsibilities: Specific duties and commitments of each founder

6. Decision Making and Governance: Processes for making business decisions and resolving disputes

7. Intellectual Property Rights: Ownership and protection of IP created before and during the collaboration

8. Confidentiality: Protection of confidential information and trade secrets

9. Equity Distribution: Initial shareholding structure and vesting arrangements

10. Commitment and Time Dedication: Expected time commitment and exclusivity requirements

11. Exit Provisions: Procedures for founder departure, voluntary or involuntary

12. Term and Termination: Duration of the agreement and conditions for termination

13. General Provisions: Standard legal clauses including governing law, notices, and amendments

Optional Sections

1. Non-Compete and Non-Solicitation: Restrictions on competitive activities and hiring, used when founders want additional protection

2. Remuneration: Details of any salary or compensation, used when founders will draw initial compensation

3. External Activities: Rules about outside business activities, used when founders maintain other professional commitments

4. Investment Obligations: Details of any required capital contributions, used when founders are investing money

5. Intellectual Property Assignment: Separate section for detailed IP assignment, used when significant pre-existing IP exists

6. Data Protection: Specific GDPR compliance measures, used when processing personal data is central to the business

7. International Operations: Provisions for international business activities, used when operating across multiple jurisdictions

Suggested Schedules

1. Business Plan: Detailed business concept, strategy, and implementation plan

2. Founder Details: Comprehensive information about each founder including contact details and qualifications

3. Equity Structure: Detailed breakdown of shareholding and vesting schedules

4. Initial Contributions: List of assets, IP, or capital contributed by each founder at the outset

5. Role Descriptions: Detailed job descriptions and areas of responsibility for each founder

6. Pre-existing IP: Inventory of intellectual property brought into the venture by each founder

7. Approved External Activities: List of pre-approved external commitments or business activities for each founder

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses






































Relevant Industries

Technology

Financial Services

Healthcare

E-commerce

Manufacturing

Professional Services

Media and Entertainment

Education

Biotechnology

Clean Energy

Real Estate

Retail

Software Development

Consulting

Agricultural Technology

Relevant Teams

Legal

Executive

Corporate Development

Finance

Operations

Business Development

Strategy

Mergers & Acquisitions

Venture Capital

Private Equity

Relevant Roles

Founder

Co-Founder

Chief Executive Officer

Chief Technology Officer

Chief Financial Officer

Chief Operating Officer

Managing Director

Technical Director

Business Development Director

Company Director

Startup Advisor

Legal Counsel

Corporate Lawyer

Investment Manager

Venture Capital Associate

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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