Founder’s Contribution Clause Samples
The Founder's Contribution clause defines the specific assets, resources, or efforts that a founder is required to provide to the company as part of their commitment. This may include intellectual property, initial capital, industry contacts, or full-time work, and typically outlines the timing and conditions under which these contributions must be made. By clearly specifying each founder's obligations, this clause ensures transparency and helps prevent disputes over what each founder is expected to deliver, thereby supporting the smooth establishment and operation of the company.
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Founder’s Contribution. The Founder has made irrevocable wire transfers of the Founder’s Contribution to the Paying Agent, and written confirmation by the Founder that such amount of Founder’s Contribution will be applied towards funding the Acquisition Consideration.
Founder’s Contribution. The Founders shall, using best efforts, contribute to the development of the Product or Service pursuant to each Founder’s “Role and Responsibility” description as set-out at Schedule B attached hereto.
