Description

Founders Share Buy-back agreement

A Founders Share buy-back Agreement is used by the company having the right to buy back all or some of the founder’s unvested stock when the founder’s involvement with the company ends. Start-ups often face where founders depart after a short time, but retaining all of their founder stock, without completing the task. To prevent this, startups often institute a vesting schedule where founders earn their founders shares over time. Vesting and buy back rights allows the company and sometimes other founders the right to buy a departed founder’s shares.

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