Free templates for startups in Sweden. Download fair and standardized term sheet, shareholders’ agreement, employment agreement, NDA, guide to stock options and more.
I, Erik Byrenius, took this initiative to help entrepreneurs focus on running their businesses, instead of spending time and money on unnecessary legal paperwork and negotiations. My legal partner Mattias Larsson has been along from the very beginning.
As an angel investor, I see many term sheets. Quite often, they are written with primarily the interests of the investors or the founders in mind. This is not the best starting point for a successful relationship! Why not start negotiations based on a fair and balanced term sheet instead? I’m convinced that this approach long-term will benefit both the company and all shareholders.
In addition to the investment documents (term sheet, subscription agreement and shareholders’ agreement), I have also created a founders’ agreement, employment agreements, non-disclosure agreements, a guide to stock options in Swedish startups and a guide and template for unit economics.
It’s all free – this is my way of giving back to the startup community. You are free to use, modify and share the documents, but you may not commercially exploit them.
Balanced and standardized, for seed round. Both VC firms, angel investors, entrepreneurs and lawyers have been involved in the process. Use this term sheet as the starting point for negotiations in your seed round.
Based on the term sheet. Everything you need for your seed round.
Similar to the shareholders’ agreement, but adapted to a company without any investors, i.e. an agreement only between the founders.
The ultimate guide to stock options in Swedish startups. Also includes the documents you need to get started.
A beginner’s guide to understanding customer value and costs: CLTV, CAC and cohorts. Includes a unit economics spreadsheet template.
Standardized employment agreements for permanent and probationary employments, as well as for temporary employments with hourly wage and for managing directors.
NDAs may come in handy when discussing patent applications, partnerships, joint ventures, mergers, acquisitions etc.
To be honest, NDAs (non-disclosure agreements) aren’t very useful in very early stages in the startup life-cycle. If you require an NDA from someone who you are about to pitch your idea to, they typically won’t sign it. Why not? Read Brad Feld and Mike Lincoln.
One might think that employments is one of those few areas where standard agreements already exist. I thought so too. Swedish law is pretty strict on what can and cannot be agreed between employer and employee, there are lots of legal precedent cases and the unions are strong in Sweden. (more…)Go to archive
Many people have helped me making this initiative a reality. Thanks to everyone who has engaged in discussions and provided me with insights regarding what terms are normal in Swedish seed rounds and stock option programs.
There are a few people who have put some extra effort into this: