Answer a series of guided questions about your startup — ownership, vesting, board rights, IP, exit terms, and more. Download a structured term sheet you can take to a lawyer.
Start Your Term Sheet →Free. No account required. Nothing is stored.
A tool by wires/law · wireslaw.ca
Before cofounders sign a formal agreement, they need to negotiate and agree on the key terms. This tool walks you through those core questions and produces a non-binding term sheet you can give to a lawyer.
The term sheet is not a legal agreement — it's a discussion document. A lawyer will use it as a starting point and may recommend additional terms based on your specific circumstances.
A cofounder agreement is a complex legal document. This tool addresses many of the most commonly negotiated terms, but every situation is different. Your lawyer may identify additional issues specific to your business, industry, tax situation, or jurisdiction.
This tool is a starting point — not a finish line.
If you're not sure about completing any section of the form — what share classes mean, how vesting works, what a shotgun clause does, or why board nominee rights matter — we recommend reading The Law for Founders first. It's a free, plain-English guide written specifically for Canadian startup founders.
Wires Law is a corporate law firm for founders and growing companies. John Wires, the author of The Law for Founders, is familiar with this form of non-binding term sheet and can be contacted to discuss implementing the terms and the terms of an engagement agreement to assist with drafting your cofounder agreement.
Any legal work undertaken by Wires Law is subject to entering a formal engagement agreement, Wires Law identifying who the client is (which may be the company, one or more of the cofounders, or another party), and confirming that no conflicts of interest exist.