Founders Agreement Template – UK

Disclaimer

The content provided is intended solely as a general example for informational purposes related to partnership agreements among founders. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in corporate or contract law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

Please note: This is a sample Founders Agreement UK template, provided for illustrative purposes only. Actual terms should be tailored to specific circumstances and legal advice should be sought.

Founders Agreement UK Sample

Parties Involved:

Founder 1: Alice Johnson
Address: 123 King’s Road, London, SW3 4SS

Founder 2: Bob Smith
Address: 456 Queen’s Street, London, W1A 1AA

Company Details:

Company Name: Innovative Tech Ltd.
Registered Address: 789 Business Park, London, EC1V 9NR

Purpose of Agreement:

This agreement outlines the roles, responsibilities, equity shares, and obligations of the founders concerning the establishment and operation of the company.

Capital Contributions:

The founders agree to contribute the following initial capital:

• Alice Johnson: £50,000 cash contribution.
• Bob Smith: £50,000 cash contribution.

Equity Shares:

The initial ownership shall be allocated as follows: Alice Johnson – 50%, Bob Smith – 50%, subject to future adjustments as agreed.

Founder Responsibilities:

Each founder commits to actively participate in the company’s development, including strategic planning, operations, and maintaining confidentiality of proprietary information.

Governing Law:

This agreement shall be governed by the laws of England and Wales. Disputes shall be resolved in the courts of London.

Additional Provisions:

• All founders agree to meet regularly to review company progress.
• Any amendments to this agreement must be in writing and signed by all founders.
• In the event of a founder’s exit, the remaining founders shall have the right to purchase the departing founder’s shares under agreed terms.

London, ______________________