Founder Stock Purchase Agreement (Genie AI)

The Founder Stock Purchase Agreement (Genie AI) is a legal template designed to establish the terms and conditions for the purchase of company shares by founders or initial shareholders of a company called Genie AI. This legally binding agreement outlines the specifics of the stock purchase, including the quantity, price, and payment terms. It also typically covers important considerations such as the rights and restrictions associated with the purchased shares, voting rights, transferability, and any vesting schedules that may apply. This template aims to protect the interests of both the founders and the company, ensuring clarity and transparency in the stock purchase process.