ARROWS lawyers set up a framework for the founder to buy back his stake
A founder buyout of an investor’s share should be structured before final transaction documents are drafted, so the parties agree on price, payment mechanics, closing conditions and protections in advance. ARROWS prepared a term sheet for a technology startup and mapped the steps needed to end investor rights and release security. This article shows how a clear transaction framework supports negotiations and the preparation of binding documents.
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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