Co-founder Separation Agreement

Our package starts from $900 + GST and includes:

• 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 of 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 complimentary amendment to the final draft we provide, as long as you request the amendment within 10 business days of us delivering the final draft

No. In New Zealand, Sprintlaw NZ Limited is a legal consultancy. It is not a law firm and is not regulated by the New Zealand Law Society. Your work is done by our Australian-qualified lawyers, who are not admitted in New Zealand.

We don't act in court or tribunal matters, conveyancing (including leases and business sales) or other reserved areas of work. Communications with Sprintlaw are unlikely to be protected by legal professional privilege. We still keep everything confidential under our engagement letter.

A Co-founder Separation Agreement can help set out what happens when one founder leaves the business. Depending on your situation, it may deal with matters such as the departing founder’s shares or ownership interest, intellectual property, confidential information, company property, any ongoing restraints, and how the separation will be communicated and documented.

The right terms will depend on your company structure, any shareholders agreement or constitution already in place, and the circumstances of the departure. We can help tailor the agreement so it works with your existing documents and the practical needs of the business.