Vesting Agreement Template

This agreement governs the partnership between the founders who do business as [company name]. The company will continue to persist unless it is terminated in accordance with this Agreement. The founders will encourage the company to register its fictitious name in the jurisdiction in which it operates its business as soon as reasonably practicable after the date of this agreement. The main address of the company is determined by a majority of founders and is first: [address]. Any dispute arising out of or related to this Agreement shall be subject to binding arbitration in accordance with the rules of the American Arbitration Association, as in effect on that date. The place for such arbitration will be [Los Angeles, California]. The Founders agree that each party may require, within 7 days of filing a request for arbitration, that the dispute between the parties first be submitted to a neutral appraiser, in accordance with the American Arbitration Association`s prior arbitration assessment procedures, prior to arbitration. Any founder who receives an offer to invest in the company from one party will inform the other founders and give each founder the opportunity to participate meaningfully in negotiations on the potential investment in the company. Founders will do everything in their power to obtain terms that are no less favorable to each founder than those described in the Term Sheet attached to Appendix A. The founders understand that, in this case, they would likely be required to subject their stakes in the company to unwavering and other restrictions, to entrust the company with all the IPs in the project, and to submit to other employment-related obligations. There are a lot of foundation agreement projects out there, here are three notable sources: attribution. This agreement may not be assigned by any party without the written consent of all the founders. By signing below, each founder declares that the acceptance of the terms of this agreement in its entirety is the aforementioned date and declares and warrants to the company and the other founder that he has read and understood the agreement and that to the knowledge of each founder, no law or obligation of third parties would prevent each of these founders: from entering into and executing the entirety of this agreement.

For the convenience of the parties, this agreement may be executed electronically and in return. Each counterpart is binding, and all form the same instrument. . . .

abgelegt unter: Allgemein