This is a simple startup shareholders’ agreement for use during the earliest stage of a company’s development, i.e. while the founders are the only shareholders and before the company receives funding.

This agreement is intended to cover matters that are often important to founders but that are not always covered in off-the-shelf company constitutions, specifically:

  • the composition of the board
  • pre-emptive rights on new share issues
  • rights of first refusal on transfers of existing shares
  • non-compete undertakings
  • assignment of intellectual property rights.

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