Reverse vesting for founder shares, with good and bad leaver terms, so that a founder who leaves early does not keep shares they have not earned.
Raising investment
Founder Vesting and Leaver Agreement
About this document
A deed between the company, a founder and (usually) the lead investor under which the founder’s shares “vest” over time. If the founder leaves before their shares have fully vested, the unvested shares – and, for a bad leaver, possibly more – must be transferred or converted at a low price. It protects co-founders and investors and is almost always required in a seed round.
The document is laid out in the sections below. Each one comes with a plain-English guidance note explaining what it does and what to change.
Our templates are professionally structured starting points for UK businesses, not legal advice. For anything complex, unusual or high-value, have your final version checked by a solicitor.
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Raising investment
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Editable Microsoft Word files
Guidance notes in every document
Written for UK businesses
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