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I will draft a robust founder buy sell agreement for your startup
Founder Agreement Exit Strategy Specialist
Specializing in the critical legal documentation for startup founders. My focus is on providing clear, comprehensive, and strategically sound agreements for exits, buyouts, and separations. I help fou...
About this Gig
A Buy-Sell Agreement is one of the most critical foundational documents for any startup with multiple founders. It's a proactive "pre-nup" for your business that defines what happens if a founder wants to leave, is forced to leave, or in case of death or disability.
Don't wait for a crisis. I will help you create a clear, forward-thinking agreement that protects every founder and the company's stability.
My Buy-Sell Agreements establish:
- Trigger Events: Clearly defining the events that would trigger a buyout (e.g., resignation, termination, death, disability, dispute).
- Valuation Mechanism: Creating a pre-agreed formula or process to determine the value of the shares, avoiding costly disputes later.
- Funding Method: Outlining how the buyout will be funded (e.g., cash, promissory note, insurance).
- Right of First Refusal (ROFR): Giving the company and other founders the first opportunity to buy shares before they can be sold to an outsider.
A well-drafted Buy-Sell provides a clear roadmap, preserves relationships, and ensures business continuity during challenging transitions.
Field of law:
Civil rights
Target country:
United States
Legal consulting Gigs are not screened
Please note that there is no screening process for this service. We recommend that you message the freelancer and check all necessary details before placing your order. Pro freelancers in this category have gone through a vetting process. You can find more details here.
FAQ
We are just starting out. Do we really need this now?
Yes. The best time to create a Buy-Sell Agreement is at the very beginning, when all founders are aligned and on good terms. It's far more difficult and expensive to create one during a dispute.
How do we determine the company's valuation?
I don't provide valuation services, but I will help you document a clear process or formula for valuation in the agreement. This could be a multiple of revenue, a formula based on assets, or an agreement to hire a third-party appraiser when triggered.
What is a "trigger event"?
It is a specific event defined in the agreement that "triggers" the buy-sell process. Common examples include a founder's resignation, termination for cause, death, disability, bankruptcy, or divorce.
How is this different from our company's bylaws or operating agreement?
Bylaws/Operating Agreements govern the company's overall operations. A Buy-Sell Agreement is a specific, separate contract between the founders (or shareholders) that focuses exclusively on the rules for transferring ownership interests between them.
Our team has 4 co-founders. Does that change the price?
The complexity can increase with more founders. The Premium package is designed for multi-founder teams. Please message me with the details, and we can confirm the best package or create a custom offer.
