Founder Service (Employment) Agreement

This template can be used as a single founder or multiple co-founders when starting a company

The agreement is made between each (co-)founder and the company

It is a service agreement, which is essentially an employment agreement, however contains some clauses unique to founders such as handling of directorship

This document is used by Entrepreneur First founders

Watch out for defining whether founders and work on other businesses at the same time as this business

How IP is owned during working hours and outside of working hours

Equity/share split is not covered in this template

Obligations upon termination can be particularly relevant