This guide will show you how to create a Founders Agreement on SeedLegals.
If you're unsure of which one you need please check out this great article on the difference between the Founders Service Agreement and the Founders Pledge.
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Click Team in the left panel and click '+Add team member' or select the team member you'd like to create this agreement. Enter their start date, job title & salary.
- Once you're in their user profile click 'New Agreement' and then select 'Founder Agreement'
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If they're not being paid a salary yet, just enter £0 for the salary, and we'll create an agreement that's what we call a "founder pledge" rather than a "founder service agreement", which contains employment provisions.
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If they are being paid a salary, then enter that in, and we'll create a founder service agreement for you.
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Fill in the rest of the questionnaire and save terms
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Click create agreement
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It’s ready to share and sign!
You can amend the terms of the contract once signed by creating a new agreement which will supersede the previous version, do make sure that this is all agreed beforehand.
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If you're looking to amend the terms before it is signed then you can click on view agreement > terms > click on the term you would like to amend.
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If you have any queries about either of these agreements please feel free to hit the chat bubble and a member of the team will be happy to help!