Founders' Agreement

Put ownership and exits in writing before they become disputes.

Most co-founder disputes aren't about bad people. They're about things nobody wrote down: who owns what, who does what, and what happens if someone leaves. A founders' agreement settles those questions while you still get along.

Leap Wise LP, a technology-focused commercial law firm, drafts a clear agreement between you and your co-founders, covering the shareholding between you as well.

What your agreement covers:

• Equity split: who owns what share of the company
• Vesting: earning your shares over time, so a founder who leaves early doesn't keep everything
• Roles and responsibilities: who is responsible for what
• Decision-making: board matters and the major decisions that need everyone's approval
• Deadlock: what happens when founders can't agree
• Transfer restrictions: who can sell or transfer shares, and to whom
• IP assignment: so the company owns what the founders build
• Exit: what happens when a founder leaves, or when the company is sold

Who it's for:

• Co-founders who are about to start a company together
• Founders who have already started building without a written agreement
• Startups preparing to raise money, since investors will ask for this

How it works:

1. Pay and send us a short summary of your company and your co-founders.
2. We confirm the scope and the delivery date with you.
3. We draft your agreement, and you review it with us.
4. You receive your final agreement.

Price: ₦500,000 fixed fee for one agreement.

Not sure what you need first? Book the Startup Legal Consultation (selar.com/41394t9494) and we'll tell you.