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Cofounder Agreement First Draft for Lawyer Review

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The prompt

Draft a plain-English cofounder agreement that we'll take to a lawyer to finalise. It's a first draft, not legal advice. Company: [name or "to be formed"], country and state: [e.g. India, Karnataka] Cofounders: [names, roles, time commitment] Equity split agreed: [percentages] Vesting: [e.g. 4 years with a 1-year cliff] Money or assets contributed: [details] IP: [code, designs, domain already created by whom] Cover in short clauses: 1. Roles and responsibilities. 2. Equity, vesting, and what happens to unvested shares if someone leaves. 3. Ownership of IP created before and after signing. 4. Decision-making: what needs everyone's agreement. 5. Salaries or no salaries until funding. 6. Confidentiality and non-solicitation, kept reasonable. 7. How disputes are resolved, and how a cofounder exits. Mark every clause that depends on local law as [LAWYER TO CHECK]. Keep the language simple and list the questions we should ask the lawyer.

Why this prompt

• Hand-picked, editorially reviewed prompt
• Written for ChatGPT, Claude, Gemini

Source

Created by BestPromptFinder — editorial prompt, not user-generated. See our content & source policy.

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