Founders' Agreements - What Are They and Why Do You Need Them
Details
1. What is a founders' agreement?
2. What must be included?
- Intellectual property transfer provisions;
- Vesting for founder shares; and
- Restrictive covenants.
3. What may be included?
- Consent/veto matters;
- Dispute resolution mechanisms; and
- Mechanisms to amend without 100% of shareholders.
4. Common problems where a founders' agreement is not in place.
Presented by the founder of Buckworths, Michael Buckworth.
Michael is a qualified solicitor of the Supreme Court of England and Wales, and the founder of Buckworths, the only UK law firm working exclusively with start-ups and high growth businesses.
He has a passion for entrepreneurialism, and has advised almost 2,000 start-ups over the last ten years. He’s been ‘entrepreneur in residence’ at London South Bank University and University College, London, for several years, participated in panel discussions for The Hult Prize, and is a regular speaker at industry events. He is regularly quoted in sector and national media including The Telegraph, The Daily Mail, The Independent and City AM.
Michael is also the author of Built on Rock, the entrepreneur's legal guide to start-up success. Advising on the risks and pitfalls to avoid when setting up your own business, this book makes the complicated aspects of start-up law simple. Chapter one is now available to download for free, click here to find out how to build your business on rock.