Sprintlaw offers smart, simple and affordable legal solutions for small businesses and startups.
Why do I need a Founders Term Sheet?
Having ground rules is always healthy for your co-founder relationships and your business, especially as your business grows and the stakes become higher. If you’re setting up a company, you should enter into a Shareholders Agreement as soon as possible, but preparing one can be a costly exercise. A Founders Term Sheet is a good way to get started!
A Founders Term Sheet tailored to the needs of your business
Phone consultations with our expert lawyers
We're a tech-powered law firm on a mission to make business easy and more affordable to Australian businesses. We've won numerous awards, and were recently named as Australia's top law firm innovator at the 2019 Australian Law Awards.
Our lawyers were recruited from Australia's top firms and use our custom-built technology to provide a better and more affordable legal service.
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Corporate Specialist Lawyer
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1 / Get a 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 to the lawyers
Speak with our expert lawyers about the details of your project.
Receive your completed project, usually within 5 - 10 working days.
“Can't speak highly enough of my experience with Sprintlaw - quality advice, fast and efficient responsiveness and a professional product.”
“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.”
“They’ve helped us tremendously and are seriously knowledgeable and honest. Couldn’t recommend the crew at Sprintlaw more!”
A Founders Term Sheet is a contract setting out the key points of agreement between co-founders of a business. It governs important matters such as ownership of the business, how decisions are made, what happens when a co-founder wants to leave the business and how disputes are handled.
Our Founders Term Sheet package starts at $750 + GST. It includes drafting the document, a complimentary round of changes, and phone calls with a Sprintlaw corporate lawyer to discuss the terms you’d like to include and help answer your questions.
As an online law firm, we eliminate the headaches of paying us by the hour and finding time to meet with a lawyer in person. We communicate via phone, email and cloud conferencing — whichever suits you! We know you’re busy, so we’re only a click away.
You’ll be guided through this process by our expert lawyers, who are Australian-qualified and were trained at leading law firms. They left the traditional corporate law sphere to help us make legal services better. Our lawyers specialise in technology, intellectual property, contract drafting, corporate and commercial law.
Our law firm operates completely online, which means we can help you wherever you are in Australia. We work at The Commons Central – a cool co-working space in Chippendale, Sydney – but our lawyers often work flexibly across various locations.