This is a form Founder Stock Purchase Agreement between a start-up company and its founder. It is to be used in connection with the purchase of company equity by a founder pursuant to a vesting schedule. This template includes practical guidance, drafting notes, and optional clauses. This form is not state specific, thus applicable state law should be consulted in order to conform the form to local requirements. For example, the form may need to bear the securities legends as required by applicable state securities laws. If the founder resides in a community property state (such as California), the founder's spouse, if applicable, should acknowledge and agree to be bound by the terms of the agreement because the spouse holds a community property interest in the stock being acquired by the founder. This form should be read in conjunction with the practice notes Founder Equity Purchase Agreements and Issuances: Drafting Considerations and Equity Incentive Compensation Plans for ...