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I will draft a founder vesting agreement for your UK startup
UK Solicitor : Securing Your Startups Legal Foundation
As a U.K. Solicitor (SRA ID: 588876), I specialize in providing foundational legal support for ambitious startup founders.
I focus on drafting clear, robust, legally binding agreements that protect ...
About this Gig
Ensure Founder Commitment with a Professional Vesting Agreement
What happens if a co-founder leaves your startup after just a few months? Without a vesting agreement, they could walk away with a significant chunk of your company for very little work.
As a specialist U.K. Solicitor (Alice Claire Andreoletti, SRA: 588876), I draft robust Founder Vesting Agreements that protect your startup equity and ensure all founders are committed for the long haul.
This Gig provides a focused agreement covering:
- Vesting Period: The total time over which equity is earned (e.g., 48 months).
- The "Cliff": A probationary period (e.g., 12 months) before any equity is earned. If a founder leaves before the cliff, they get nothing.
- Vesting Schedule: The rate at which shares are earned after the cliff (e.g., monthly).
- Acceleration Clauses (Premium): Determine if vesting speeds up upon certain events, like an acquisition of the company.
- Integration: Can be drafted as a standalone document or as clauses to be inserted into your main Founders' or Shareholders' Agreement.
This is a crucial mechanism for any serious startup.
Implement this vital protection today. Choose the package that fits your needs.
Field of law:
Business (corporate)
Document type:
Founders agreement
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
What exactly is a "cliff"?
A cliff is an initial period during which no equity vests. A common "1-year cliff" means a founder must stay with the company for one full year to receive their first tranche of shares (typically 25% of their total).
What is "acceleration"?
Acceleration (or accelerated vesting) is a clause that speeds up vesting in the event of a "change of control," such as the company being sold. This protects founders from losing unvested equity in a sale.
Can this be part of our main Founders' Agreement?
Yes. I can draft these as specific clauses for you to add to an existing agreement, or as a standalone document that references your main agreement. Just let me know your preference.
Is this a separate agreement from a Shareholders' Agreement?
It can be. Vesting terms are often included within a Shareholders' or Founders' Agreement, but for clarity or specific circumstances, a standalone Vesting Agreement is highly effective.
What is milestone-based vesting?
Instead of vesting over time, equity can be earned by hitting pre-defined business goals (e.g., launching a product, reaching a revenue target). This is available in my Standard and Premium packages.
