Co-Founders Agreement

CO-FOUNDERS AGREEMENT This Co-Founders Agreement ("Agreement") is entered into on [DATE] at [CITY], by and between [FOUNDER_1_NAME] residing at [FOUNDER_1_ADDRESS] and [FOUNDER_2_NAME] residing at [FOUNDER_2_ADDRESS] (collectively referred to as the "Founders"). 1. Project Description. The Founders have agreed to collaborate on the development of a business concept currently known as "[STARTUP_NAME]" (the "Company"), which involves [BUSINESS_DESCRIPTION]. 2. Equity Ownership. The Founders agree that the equity ownership of the Company shall be divided as follows: - [FOUNDER_1_NAME]: [PERCENTAGE_1]% - [FOUNDER_2_NAME]: [PERCENTAGE_2]% 3. Vesting Schedule. The Founders agree that their respective equity shares shall be subject to a vesting schedule of [VESTING_PERIOD_YEARS] years, with a [CLIFF_PERIOD_MONTHS] month cliff. If a Founder leaves the Company prior to the completion of the cliff period, all of their unvested shares shall be returned to the Company. After the cliff period, shares shall vest on a monthly pro-rata basis. 4. Roles and Responsibilities. - [FOUNDER_1_NAME] shall serve as [TITLE_1] and shall be primarily responsible for [RESPONSIBILITIES_1]. - [FOUNDER_2_NAME] shall serve as [TITLE_2] and shall be primarily responsible for [RESPONSIBILITIES_2]. 5. Decision Making. Major decisions concerning the Company, including but not limited to raising capital, incurring significant debt, or selling the Company, shall require the unanimous consent of the Founders. Day-to-day operational decisions shall be made by the Founder responsible for that specific area. 6. Intellectual Property Assignment. Each Founder hereby assigns to the Company all right, title, and interest in and to any intellectual property, inventions, designs, or code developed by the Founder in connection with the Company's business. 7. Non-Compete and Non-Solicit. During the term of their involvement with the Company and for a period of [NON_COMPETE_YEARS] year(s) thereafter, the Founders agree not to directly or indirectly engage in any business that competes with the Company, or solicit any employees or customers of the Company. IN WITNESS WHEREOF, the Founders have executed this Agreement on the date first written above. [FOUNDER_1_NAME] Signature: ______________________ [FOUNDER_2_NAME] Signature: ______________________