# EXAMPLE: CO-FOUNDER AGREEMENT
## Worked status and parties
This fictional the co-founder relationship for Lantern Field Technologies Limited is dated 14 February 2027. It is an illustrative England and Wales document, not legal advice. The parties are Maya Ellison and Tomás Reed. Mandatory employment, company, consumer, tax, data-protection and health-and-safety rules prevail over any inconsistent wording.
## 1. Appointment and scope
The parties appoint one another only for the arrangement described here. The agreed scope is the co-founder relationship for lantern field technologies limited. Each party must provide the cooperation, access and information reasonably needed, and neither may bind the other without written authority.
## 2. Operative terms
Maya and Tomás each commit four working days a week and hold 50% of the issued ordinary shares, subject to four-year vesting with a one-year cliff.
Reserved matters require both founders' consent; ordinary decisions are made by the founder responsible for that workstream.
## 3. Payment, property and records
The agreed value or remuneration is £25,000, subject to the terms above and VAT where lawfully chargeable. It is not an invoice-based consultancy fee unless this document expressly says so. All supplied equipment, records and credentials remain with their owner, are used only for the agreed purpose and must be returned when required. Each party keeps accurate records and pays its own tax.
## 4. Conduct, data and intellectual property
A good leaver keeps vested shares, while an unvested or bad-leaver interest is transferred at the price and through the process permitted by the articles.
All product code and business opportunities belong to Lantern Field Technologies Limited once incorporated; each founder assigns present and future rights and waives moral rights so far as lawful.
Personal data is processed securely and only for a lawful purpose under UK GDPR. Pre-existing intellectual property remains with its owner; rights in newly created material follow the specific allocation above. Confidential information may be disclosed only to people who need to know and are bound by equivalent duties.
## 5. Duration, ending and remedies
The arrangement starts on 14 February 2027 and continues for the period stated in the operative terms. A party may end it for an unremedied material breach, serious safety or compliance risk, or insolvency, subject to any mandatory notice and consultation. Accrued pay, confidentiality, data, intellectual property and record duties survive. Nothing excludes liability for fraud, death or personal injury caused by negligence, or a liability that law will not permit to be excluded.
## 6. Governing law and signing
The parties will first meet within 10 Business Days to resolve a dispute, without preventing urgent relief. This document is governed by the law of England and Wales and its courts have exclusive jurisdiction. It is the complete written record; changes must be signed in writing.
Signed by Maya Ellison on 14 February 2027: ______________________________
Signed by the other party on 14 February 2027: ______________________________