Our legal experts can assist with drafting your Co-founder Separation Agreement. Simple, quick and online legal solutions.
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Proceeding confirms you agree to our Privacy Policy
Get your Co-founder Separation Agreement done by legal experts.
When a co-founder leaves a business, it is important that the necessary steps are taken to ensure that your business is protected. This can be a complicated process so it’s a good idea to have a lawyer help you.
Drafting a Deed of Settlement & Release
Drafting a Resolution of Members
Drafting a Share Transfer Form
Phone consultations with a Sprintlaw lawyer
1 x complimentary amendment to the final draft
sprintlaw
You’ve likely heard the importance of having all the right legal agreements in place when starting or running a business. However, what happens when one of the co-founders wants to leave the business? It may not be the first thing on your mind but getting well drafted contracts is crucial in this scenario, for all parties involved. That way, everyone can be on the same page about the exit and there’s no misunderstandings.
Our package starts from $2100 + GST and includes the following:
Drafting a Deed of Settlement & Release
Drafting a Resolution of Members for the purpose of approving the separation
Drafting a Share Transfer Form that gives effect to the transfer of shares
Phone consultations (up to 60 minutes) with a Sprintlaw lawyer who will take your instructions, advise you on the legal issues you need to know and answer your questions about the document
1 x complimentary amendment to the final draft we provide you, as long as you request the amendment within 10 business days of us delivering the final draft
Sprintlaw operates in Australia, New Zealand the UK. In Australia, Sprintlaw is a regulated law firm and is an incorporated legal practice with number 32845 regulated by the Law Society of New South Wales. In New Zealand and the UK, Sprintlaw instead operates as a legal consultancy and is not a traditionally regulated law firm.
We have chosen to set up as a legal consultancy (rather than a regulated law firm) in New Zealand as it has made our expansion into the New Zealand market faster and easier, and it’s meant that we have a lower compliance burden and are able to significantly reduce our overhead costs when performing legal work. We are then able to pass on these cost savings to our clients, allowing us to provide high quality legal services to clients at a fraction of the cost of traditional firms.
So what’s the difference between Sprintlaw NZ’s consultancy model and a traditional NZ law firm?
In many respects, we are similar. Like a law firm, we offer legal services to our small business clients covering the majority of their regular legal needs, including drafting and reviewing contracts and providing legal and regulatory advice. However, there are a few key differences and limitations which are important to be aware of, set out below. In our view, the benefits of engaging a legal consultancy outweigh these limitations which is why we’ve elected to operate this way in NZ. If you have any questions about any of these our team would be more than happy to discuss.
Our Lawyers: The legal services we provide in New Zealand are not provided by New Zealand qualified lawyers. Our lawyers are Australian-qualified lawyers or UK-qualified lawyers, who are familiar with New Zealand’s laws and requirements, and thus are able to provide high quality legal services to New Zealand businesses. Given the strong similarities between Australian, English and New Zealand law, and the areas of law in which we practice (being small business and startup law), we do not view the fact that our lawyers have not qualified in New Zealand as having any substantive impact on the quality of our service. We are committed to ensuring that we provide high quality, affordable legal services to all our New Zealand clients.
Reserved Areas: We are not permitted to provide services in reserved areas of law under section 6 and section 35 of the Lawyers and Conveyancers Act 2006 (see here). These include appearing in court or conducting litigation proceedings, managing conveyancing matters, or giving advice under the Property (Relationships) Act 1976. As such, Sprintlaw does not operate in these areas. We find these areas are rarely applicable to our small business clients seeking commercial legal advisory services.
Privilege: When working with traditional law firms, advice provided is considered “privileged”. This means that correspondence between a client and solicitor can, if made confidentially and for the purposes of legal advice, be withheld from a court or third party in connection with litigation proceedings. As Sprintlaw operates as a legal consultancy, it means that certain advice we provide may not be “privileged” but rather will be treated in the same manner as advice from your accountants or anyone else who is not a regulated advisor such as a solicitor or barrister. This does not affect our confidentiality obligations to you, and our engagement letter confirms that any advice or discussions we have will be kept confidential. Given that Sprintlaw do not operate in court-related or litigious matters, we find that privilege is rarely an issue relevant to our kind of legal work.
Insurance: Sprintlaw is not required to have professional indemnity insurance that meets the New Zealand Law Society’s minimum requirements. Regardless, Sprintlaw has chosen to maintain professional indemnity cover so our clients still benefit from insurance protection.
We’re an award-winning, totally online legal provider. Forget the hassle of meeting face-to-face. Our top-trained legal team is ready to help wherever you are in New Zealand.
Our legal team were recruited from top law firms and use our custom-built technology to provide a better and more affordable legal service.
1 / Get a free quote
Our legally trained consultants will prepare a fixed-fee quote for you.
2 / Accept online
Accept your fixed-fee quote and e-sign our engagement letter.
3 / Speak with us
Our expert legal team will talk you through your project via phone, video call or whatever suits!
That's it!
Receive your completed project, usually within 5 - 10 working days.
Adapt Leadership
“Can't speak highly enough of my experience with Sprintlaw - quality advice, fast and efficient responsiveness and a professional product.”
Kiindred
“I had a fantastic experience with Sprintlaw - it was easy, cost-effective and their lawyers provided very high quality advice. I could tell they really cared about my business.”
Soul Burger
“They’ve helped us tremendously and are seriously knowledgeable and honest. Couldn’t recommend the crew at Sprintlaw more!”