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Clifford Chance is one of the world's leading law firms, with 33 offices* in 23 countries and some 3,200 legal advisers. www.cliffordchance.com


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Croatian Agreements

 

The Founder Agreement

The following document is the Founder Agreement, signed by all enrolling Founders. Any referenced exhibits or related documents can be seen by scrolling below on this page. Each enrolling Founder must sign just the Founder Agreement in order to participate in the Semester. These documents provide Founders with various program benefits, including participation in the "Bonus Pool."

Learn about joining the Bonus Pool.

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Form of the Warrant

The Founder Institute recommends that enrolled Founders incorporate a company in the United States, using the documents below when they incorporate in Delaware. Incorporation in the United States is three to five times faster and requires less than half the capital than incorporating in Croatia.

The following document is the Form of a Warrant in the United States that you will need to issue for your company to join the Bonus Pool and graduate from the Founder Institute. The majority of the Warrant value held by the Institute is for the benefit of Semester participants. The Warrant also provides Founders with protections against undesired terminations.

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Form of Board Consent

The following document is the Form of Board Consent in the United States that is required for you company to issue the Warrant above.

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Corporate Conversion Agreement for Croatian Companies

Since limited liability Croatian companies do not have the ability to issue Warrants, the Founder of a limited liability Croatian will sign this Conversion Agreement pledging that once the company converts to a joint stock company, it will issue the Warrants as per the Founder Agreement.

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