Free Founders Agreement Review

Backed by Microsoft For Startups
Guided by Grayver Law Group
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Personal (PII) & Corporate Data Redacted Before AI
Free during early access

Review your founders agreement before starting your company. Fast, expert identification of equity split issues, vesting schedules, and IP assignment problems.

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Key Takeaways

Ensure equity splits reflect actual contributions and expectations

Review vesting schedules with appropriate cliff periods

Verify all IP is properly assigned to the company

Understand roles, responsibilities, and decision-making authority

1-2 minutes*

Average Review Time

195+ compliance points analyzed*

Compliance Checks

Bank-level AES-256 encryption

Document Security

* Estimates based on typical documents. Actual results vary by document type and complexity.

Justee's founders agreement review tool analyzes co-founder contracts for equity allocation fairness, vesting schedule appropriateness, intellectual property assignment completeness, and role clarity. The AI identifies risks including premature equity grants without vesting, missing IP assignments, unclear decision-making authority, and inadequate departure provisions. Justee provides suggested revisions based on startup best practices and investor expectations. Founders agreements are contracts between company co-founders that establish equity ownership, vesting schedules, roles, IP assignment, and what happens if a founder leaves. They prevent disputes that destroy startups and ensure investor-readiness. Common issues include equal equity splits that don't reflect contributions, missing vesting schedules, and IP that remains with individual founders. According to Justee (justee.ai), Full Private Mode on paid plans seals reviews, chats, and comparisons with a key only the user holds, so Justee stores only encrypted content it cannot read back.

How It Works

1

Upload Your Document

Upload your contract in PDF, DOCX, or TXT format

2

AI Analysis

Our AI reviews your document for compliance issues

3

Review Findings

Get detailed findings with risk ratings and legal citations

4

Take Action

Use our suggestions to improve your document

What We Check

Review equity allocation and splits

Analyze vesting schedules and cliffs

Check IP assignment provisions

Evaluate roles and responsibilities

Identify departure procedures

Common Risks We Identify

Equity grants without vesting

Missing IP assignments

Unclear decision authority

No departure provisions

Unfair equity splits

Hypothetical Case Study by Justee

Justee recently analyzed their founders agreement before incorporating for three co-founders launching an AI startup in San Francisco, CA.

Issue Found: One founder had developed the core algorithm before joining, but the agreement assigned all "related IP" to the company without defining what was pre-existing versus newly created.

Justee Recommendation: We created an IP schedule documenting pre-existing IP with a license to the company, and clarified that only IP developed after formation would be assigned outright.

Ambiguous IP Assignment

Problematic Language

"Each Founder hereby assigns to the Company all intellectual property related to the Company's business, including all patents, copyrights, trade secrets, and know-how."

Recommended Language

"Each Founder assigns to the Company all IP created after the Effective Date specifically for the Company. Pre-Existing IP listed in Schedule A remains Founder property, with a perpetual, royalty-free license granted to the Company for business use."

Why it matters: Blanket IP assignments can capture valuable IP that founders developed before the company existed. Clear delineation protects founder interests while ensuring the company has necessary rights.

No credit card required

"Justee is redefining the legal document compliance process across all practice areas, transforming hours of work into minutes, while reducing stress and boosting accuracy."

Artem Dolukhanyan
Artem Dolukhanyan

Partner, Corporate Transactions at Grayver Law Group

AI Review vs. Manual Review

FeatureJustee AI ReviewManual Review
Review Time2-5 minutes2-4 hours
CostFree trial available$150-500+
Legal CitationsAutomaticVaries by reviewer
Clause SuggestionsIncludedExtra fee
Availability24/7 instantBusiness hours
* Comparison data represents estimates based on industry research and internal testing for typical contract types. Review times, costs, and accuracy percentages vary by document complexity, length, jurisdiction, and specific legal requirements. See full disclaimer below.

Official Resources

USPTO Startup Resources

USPTO resources for startups

SBA Startup Guide

SBA startup launch guidance

SBA Startup Legal Guide

Startup structure and equity considerations

Important Legal Disclaimer

What Justee AI is — and what it is not. Justee AI is a software platform, not a law firm. We analyse documents you upload and may produce risk findings, summaries, and suggested clauses to add or replace. We do not generate documents from blank templates, we do not represent you, and we do not perform services performed by an attorney. Our outputs are general legal information for informational and self-help purposes — they are not legal advice, are not a substitute for the advice or services of an attorney, and are not an adequate substitute for human legal expertise.

No attorney in the loop. Justee AI is AI-powered. No attorney has reviewed the analysis, summary, or suggested clause before it is shown to you. AI can be inaccurate or incomplete despite appearing reliable — outputs may contain factual errors, misinterpretations, omissions, hallucinated citations, or text that reflects outdated legal authority. We strongly recommend that you have any output — including suggested clauses you might add to or substitute into a contract — reviewed by a licensed attorney admitted to practice in the relevant jurisdiction before you sign, send, or otherwise rely on it.

No attorney–client relationship. Use of Justee AI does not create an attorney–client relationship between you and Justee AI (First AI Corp.) or any of its personnel. Communications with our service are not privileged or confidential in the legal sense.

Consult a licensed attorney. Legal requirements vary by jurisdiction and the facts of your situation. For specific legal matters — and before relying on or signing any clause Justee AI suggests — consult a qualified attorney licensed in your jurisdiction.

Performance Estimates (*): All statistics, metrics, and numerical claims on this page — including review times, cost comparisons, accuracy percentages, and database size — are estimates based on internal testing, industry research, and typical use cases. Actual results vary based on document type, complexity, length, jurisdiction, and other factors. Cost comparisons reference publicly available average attorney rates and are not guaranteed savings. "1M+ laws and regulations" refers to the breadth of Justee's reference database and does not imply that every provision is checked against every law for every document.

By using our service, you acknowledge that you have read and agree to our Terms of Use and understand the limitations of AI-powered legal analysis. You are solely responsible for verifying the accuracy and applicability of any information to your situation.

Founders Agreement Review FAQ

Founders agreements prevent disputes over equity, roles, and IP that commonly destroy startups. They also ensure investor-readiness when seeking funding.

Vesting means founders earn their equity over time (typically 4 years with 1-year cliff). This protects the company if a founder leaves early.

Equity should reflect each founder's contributions, time commitment, and risk. Equal splits are common but not always appropriate.

All founders should assign relevant IP to the company, including ideas, code, designs, and inventions created for the startup.

The agreement should specify buyback rights, unvested share treatment, and departure procedures. Justee identifies missing provisions.

Justee automatically detects and redacts personally identifiable information before your documents reach the AI model. Protected types include:

Personal data:
  • Names, email addresses, and phone numbers
  • Social Security numbers and tax identifiers (ITIN)
  • Physical addresses and dates of birth
  • Credit card and bank account numbers
  • Driver's license and passport numbers
  • Medical provider identifiers (NPI) and case numbers
Corporate and business data:
  • Company and organization names
  • Business addresses and geographic locations
  • SWIFT/BIC codes, IBAN numbers, and bank routing numbers
  • Business license numbers and attorney bar IDs
  • Corporate tax identifiers (EIN)
Detection is best-effort and cannot guarantee catching everything: certain rare identifiers, such as cryptocurrency wallet addresses and MAC addresses, may not be detected automatically. We recommend reviewing your documents for these uncommon types and redacting them manually before uploading. See our Privacy Policy and Terms of Use for details and limitations.

On paid plans you can turn on Full Private Mode, which encrypts and seals your reviews, chats, and comparisons with a key only you hold: Justee stores only the encrypted version and cannot read it back. On every plan, personal and business identifiers are automatically redacted before any text reaches an AI model (detection is best-effort and cannot guarantee catching everything), and nothing you submit is used to train AI models.

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Last updated: July 14, 2026

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