Online Founders’ Agreement Template Template

AMONG THE FOUNDERS OF  PROJECT NAME

The undersigned (each a “Founder” and together the “Founders”) are collaborating with the purpose of developing together a Business Concept related to the following:

 PROJECT NAME is a  PROJECT DESCRIPTION

Founders agree that all related technology to the Business Concept is also owned by the Founders pursuant to this Agreement (together, the “Business Concept and Technology”). As the Business Concept is further developed, Founders intend to transfer the Business Concept and Technology to either a California or Delaware Corporation that shall be formed by the Founders (the “Company”) upon the earliest of the following circumstances:  WHEN THE PROJECT WILL BECOME A COMPANY

Parties agree to transact the Business Concept and Technology through the corporation  OPERATION COMPANY NAME, (the “Operational Company”) a Delaware corporation with a business address of  OPERATION COMPANY ADDRESS. Parties agree that the Operational Company has no rights in, or to the Business Concept and Technology.

In connection with such collaboration of the Business Concept and Technology, and in consideration for a mutually agreeable framework which shall serve as the foundation for the Founders to successfully develop the Business Concept and Technology, the undersigned hereby agree as follows: