this is a form founder stock purchase agreement between a start-up company and its founder. it is to be used in connection with the purchase of company equity by a founder pursuant to a vesting schedule. this template includes practical guidance, drafting notes, and optional clauses. this form is not state specific, thus applicable state law should be consulted in order to conform the form to local requirements. for example, the form may need to bear the securities legends as required by applicable state securities laws. if the founder resides in a community property state (such as california), the founder’s spouse, if applicable, should acknowledge and agree to be bound by the terms of the agreement because the spouse holds a community property interest in the stock being acquired by the founder. this form should be read in conjunction with the practice notes founder equity purchase agreements and issuances: drafting considerations and restricted stock, stock options, and equity …
upon execution of this agreement by purchaser and the company, the payment of the purchase price to the company by purchaser, the company shall issue duly executed certificates evidencing the common stock in the name of purchaser and deliver such certificates to purchaser. all references to the number of common stock and the purchase price per share of the common stock in this agreement shall be appropriately adjusted to reflect any stock split, reverse stock split or stock dividend or other similar change in the common stock that may be made by the company after the date of this agreement. this agreement shall be governed by the laws of the state of nevada, as such laws are applied to contracts entered into and performed in such state.
any party’s failure to enforce any provision of this agreement shall not in any way be construed as a waiver of any such provision and shall not prevent that party thereafter from enforcing each and every other provision of this agreement. if one or more provisions of this agreement are held to be unenforceable under applicable law, then such provision or provisions shall be excluded from this agreement, and the balance of this agreement shall be interpreted as if such provision or provisions were so excluded and shall be enforceable in accordance with its terms. this agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. in witness whereof, the company and purchaser have duly executed this agreement to be effective as of the date first written above.
this agreement allows the founders to document their initial ownership in the company, including standard transfer restrictions and any vesting provisions with whereas, the shareholder and the founder desire to enter into an agreement which provides for the voting of the shares and the disposition of the shares in the this founder stock purchase agreement (this “agreement”) is entered into by and between [name of company], a [ ] corporation (the “company”), and., how to sell founders shares, how to sell founders shares, simple stock purchase agreement template, common stock purchase agreement, founder’s stock purchase agreement sec.
this is a form founder stock purchase agreement between a start-up company and its founder. it is to be used in connection with the purchase of company a form of founder’s stock purchase agreement to be used to sell restricted stock to founders of a startup company. this standard document has integrated notes 4. issuance of shares. upon execution of this agreement by purchaser and the company, the payment of the purchase price to the company by purchaser, the company, stock purchase agreement with vesting, orrick common stock purchase agreement, restricted stock purchase agreement, cooley restricted stock purchase agreement, founders rights in a company, founder restricted stock, clerky founder shares, startup equity contract.
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