Founders' lock-up agreement
Keeps founders committed post-close
An agreement that restricts founders (and sometimes early employees) from selling or transferring their shares for a set period, often used around a financing round or acquisition. Investors typically require one to make sure founders stay invested in the company's success rather than cashing out early.
Ruby drafts this
Flat fee, confirmed before any work begins, with a licensed Canadian lawyer on every document.
Have a question this glossary can't answer?
Tell us about your matter and a Ruby lawyer will follow up directly.