ARROWS lawyers set up a framework for the founder to buy back his stake
ARROWS Law Firm represented two founders of a technology startup in a transaction involving the purchase of shares from an investor. The firm's legal advice included, in particular, an analysis of the existing relationships between the shareholders (SHA, vesting, option programs), the selection and description of the transaction structure, and the preparation of a term sheet as a basic framework for further negotiations.
The term sheet clearly defined the purchase price and the mechanism for its payment, the closing conditions and schedule, the procedure for releasing collateral, the termination of investor rights and agreements, as well as protective elements on the part of the founders (warranties and indemnities, non-compete, non-solicit, work with know-how). The services also included a checklist of follow-up binding documentation (SPA, amendments to SHA, resignation and releasing statements) and a negotiation strategy for further stages of the transaction.
The team was led by Mgr. Jáchym Petřík (corporate and transactional agenda, start-ups/VC). Mgr. Vojtěch Sucharda (dispute and corporate litigation) and JUDr. Zuzana Liškařová (commercial and contractual agenda) also participated in the preparation and negotiation. It was excellent work by our colleagues, which provided clients with a clear and practical assignment for further steps.
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The information contained in this article is for general informational purposes only and serves as a basic guide to the issue as of 2025. Although we strive for maximum accuracy, laws and their interpretation evolve over time. We are ARROWS Law Firm, a member of the Czech Bar Association (our supervisory authority), and for the maximum security of our clients, we are insured for professional liability with a limit of CZK 400,000,000. To verify the current wording of the regulations and their application to your specific situation, it is necessary to contact ARROWS Law Firm directly (consultation@arws.cz). We are not liable for any damages arising from the independent use of the information in this article without prior individual legal consultation.