4 ms·
Most corporate startup lawyers have founder's spouses sign release forms for to clearly indicate that they do not have some claim to ownership or equity.
by wankerrific 12y ago
Most corporate startup lawyers have founder's spouses sign release forms for to clearly indicate that they do not have some claim to ownership or equity.
- cmapes 12y agoThis. I just drafted a stock purchase agreement for my business partner and I on our new startup and one of the basic boilerplate additions to the stock purchase / vesting agreement is a spousal agreement to the terms of the purchase. The communal property law only relates during a divorce were the shares are split up between the couple by the courts. Any decently written stock purchase agreement has a first right of refusal for the company to purchase back those shares in the event of an involuntary transfer.