Draft up a Pre-Incorporation Agreement between the incorporators of a new company with this easy-to-use template, which sets out:
- how shares of stock will be issued to each of the incorporators,
- what the consideration for the stock will be,
- each incorporator agrees not to sell or transfer any shares without first offering the shares to the corporation and to the other shareholders, who have right of first refusal,
- the incorporators agree to employ one of the parties as manager of the business of the corporation.
This Pre-Incorporation Agreement template is provided as a fully customizable Microsoft Word document.
PRE-INCORPORATION AGREEMENT THIS AGREEMENT made effective as of the _____ day of ______________, _______. BETWEEN: [LIST NAMES OF PARTIES] to organize a corporation ("Corporation") under the laws of _____________________________ upon the following terms and conditions. 1. The parties agree that the Corporation will be organized pursuant to the proposed Articles of Incorporation for the Corporation, attached as Schedule A hereto. 2. Within ______ days after the issuance of the Corporation's Certificate of Incorporation, the parties agree that the Corporation's authorized stock shall be distributed, and consideration paid, as follows: (a) In consideration of the cash payment to the Corporation made by ___________________ of the amount of $___________, ___________ shares of ____________ (common or preferred) stock shall be issued to him / her. (b) In consideration of the transfer from ___________ to the Corporation of the following property: (list property, real or personal, to be transferred) ________ shares of ______________ (common or preferred) stock shall be issued to him / her. 3. The parties further agree not to transfer, sell, assign, pledge, or otherwise dispose of their shares of stock issued by the Corporation until they have first offered the shares for sale
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