Full working drafts referenced in Month 1, Week 1. Click into any document to edit it directly; Save draft stores your edits in this browser, Revert restores the original. Finalize with counsel before signing/posting.
DRAFT v1 for founder review — not yet executed. To be finalized into binding documents by corporate counsel (Role 1b). Bracketed items [ … ] are decisions for the founders to agree. Not legal advice.
Company: Biovizions, Inc., a Delaware C-corporation (the "Company").
Effective date: [ ____________ , 2026 ]
Founders: Nachiket Shankar, Prateek Shetty, Kourosh Zarringhalam, and Prasan Shankar (each a "Founder").
This Founders' Agreement records the founders' mutual understanding on equity, roles, vesting, decision-making, IP, and departure terms. Where it touches matters governed by the Company's Certificate of Incorporation, Bylaws, stock-purchase agreements, or stock plan, those formal documents control once executed.
The Company is already incorporated in Delaware (Nachiket Shankar, sole stockholder to date). Founder stock will be issued to the remaining three founders under Restricted Stock Purchase Agreements (RSPAs) with the vesting in Section 4. A 10% option pool (ESOP) is reserved for employees, advisors, and future hires.
| Holder | Role | Equity % | Vesting | Notes |
|---|---|---|---|---|
| Nachiket Shankar | CEO | [ __ ]% | 4yr / 1yr cliff | sole founder to date |
| Prateek Shetty | Co-founder — Assay/Lab + Data | [ __ ]% | 4yr / 1yr cliff | shares to be issued |
| Kourosh Zarringhalam | Co-founder — AI/ML | [ __ ]% | 4yr / 1yr cliff | shares to be issued |
| Prasan Shankar | Co-founder — Clinical | [ __ ]% | 4yr / 1yr cliff | shares to be issued |
| ESOP (option pool) | — | 10% | — | reserved for hires/advisors |
| TOTAL | 100% |
Guidance: equal-ish splits among full-time co-founders are common, adjusted for role, time commitment, idea/IP origination, and capital contributed. Founders to agree and complete the table.
Each founder's mandate, responsibilities, and decision authority:
Mandate: Company vision, strategy, and execution; the face to investors.
Decision authority: final call on strategy, fundraising, budget, and senior hires (with founder input); signs contracts on the Company's behalf.
Mandate: the wet-lab science and the data foundation.
Decision authority: assay design, lab partnerships, and the wet-lab budget.
Mandate: scientific direction of the AI engines.
Decision authority: AI/ML scientific direction and model approach.
Mandate: clinical grounding and the traditional-medicine knowledge base.
Decision authority: clinical direction, indication priorities, and the traditional-medicine knowledge base.
Founder cash compensation, if any, is set separately by the Board and reflected in the budget; it is not part of this Agreement.
Day-to-day decisions sit with the relevant function lead (Section 2). The following require all-founder consultation and, where noted, Board approval: fundraising & cap-table changes, the annual budget and major spend, equity grants, senior/key hires, major partnerships and contracts, and any change to this Agreement. (Full matrix maintained in the Founders' Governance doc.)
Each Founder signs the Company's Confidential Information & Invention Assignment Agreement (CIIA). All inventions, code, models, data, and know-how created for the Company are assigned to the Company. No Founder retains any personal claim to Company IP. On departure, all IP remains with the Company.
These terms live in this Agreement and the Right-of-First-Refusal & Co-Sale Agreement (reflected in the bylaws). Plain-language summary:
| Term | What it means | Why it matters |
|---|---|---|
| Good vs bad leaver | A good leaver departs for acceptable reasons (death, disability, termination without cause, mutual agreement) and keeps vested shares. A bad leaver departs for cause (misconduct / breach) or resigns early — forfeits unvested shares, and sometimes vested ones are repurchased at cost. | Stops someone who walks early or is fired for cause from keeping equity they didn't earn. |
| Vesting acceleration | Unvested shares vest early on a trigger. Single-trigger = on a company sale; double-trigger (the market norm) = a sale AND being let go without cause shortly after. | Sets what founders/staff receive if you're acquired; affects retention and acquirer terms. |
| Right of first refusal (ROFR) | If a holder wants to sell shares to an outsider, the Company + other shareholders may buy them first on the same terms. | Keeps the cap table clean — you control who becomes an owner. |
| Co-sale (tag-along) | If a founder sells to an outsider, the other shareholders can join and sell their proportional share on the same terms. | Protects the other founders — no one is left behind when someone cashes out. |
| Drag-along | If a defined majority approves a company sale, they can require the minority to sell on the same terms. | Lets a clean acquisition close — a small holdout can't block a deal the majority wants. |
| IP on departure | All IP created stays assigned to the Company (per the CIIA); a departing founder has no claim. | The company's core asset — the IP — can't leave with a founder. |
Each Founder keeps Company confidential information secret during and after involvement with the Company, per the CIIA.
Nachiket Shankar ____________________________ Date ____________
Prateek Shetty ____________________________ Date ____________
Kourosh Zarringhalam ____________________________ Date ____________
Prasan Shankar ____________________________ Date ____________
DRAFT — standard Confidential Information & Invention Assignment Agreement for founders and all hires. To be finalized by corporate counsel (Role 1b) and executed via Clerky / DocuSign. Not legal advice.
Between Biovizions, Inc. ("Company") and [ Full name ] ("I" / "me"), effective [ date ], in consideration of my employment, founder role, engagement, or continued service and the equity / compensation I receive.
I will hold in strict confidence and not disclose or use, except for the Company's benefit, any Confidential Information — including the Company's models, algorithms, code, datasets, chemical / biological data, combination designs, screening results, business and financial information, and third-party information the Company must keep confidential — during and after my relationship with the Company.
I assign to the Company all right, title, and interest in all inventions, discoveries, developments, software, models, data, and works of authorship that I make or conceive, alone or with others, during my relationship with the Company that (a) relate to the Company's business or research, or (b) are made using Company time, resources, or Confidential Information ("Company Inventions"). I will promptly disclose all such Inventions to the Company.
Inventions I made before this relationship and wish to exclude are listed in Exhibit A. If I list none, I represent there are none. If I incorporate any prior invention into a Company product or Invention, I grant the Company a non-exclusive, royalty-free, perpetual license to use it.
Exhibit A — Prior inventions (list, or write "None"): [ ____________________________________ ]
This assignment does not apply to an invention that I developed entirely on my own time without using Company equipment, supplies, facilities, or Confidential Information, and that does not relate to the Company's business or actual / anticipated research, and does not result from work I performed for the Company — consistent with applicable state law.
I will help the Company secure and enforce its rights in Company Inventions (e.g., signing patent and copyright documents). I irrevocably appoint the Company as my attorney-in-fact to execute such documents if I am unavailable.
On termination of my relationship, I will return all Company property and materials (including all copies and data) and will not retain any Confidential Information.
My performance does not and will not breach any agreement with a prior employer, university, or third party. I will not improperly use or disclose any third party's confidential information or trade secrets, nor bring any onto Company premises or systems.
Note for academic founders / interns: confirm there is no conflicting university IP obligation; keep interns arms-length from any founder's own lab to keep IP clean.
Signature ____________________________ Print name ____________________________ Date ____________
For Biovizions, Inc.: ____________________________ Nachiket Shankar, CEO Date ____________
DRAFT job post — edit freely before posting. Comp benchmarks are US, on the 24-month plan.
Type: Full-time, founding technical hire · Comp: ~$11K/mo ($10–12K band) + 1% equity (4-yr vest / 1-yr cliff) · Location: remote-friendly (US-benchmarked) · Reports to: CEO; works closely with Prof. Kourosh Zarringhalam (AI/ML co-founder).
We design safe, low-dose drug + phytochemical combinations by encoding Ayurveda / TCM priors into modern molecular ML. You'd be employee #1 on the technical side, turning that thesis into working models.
Email [ careers@biovizions.com ] with your CV / GitHub / Google Scholar and a few lines on a molecular model you've trained. [ Edit before posting. ]
DRAFT job post — edit freely before posting.
Type: Contract, ~20–25 hrs/week · Comp: ~$3.5K/mo (cash) · Reports to: CEO · Path: to Head of Ops at Seed.
Be the operational backbone of an early biotech-AI startup with a cross-border team (US, Hungary, India). You'll keep hiring, payroll, compliance, and the data room running so the founders can focus on the science.
Email [ careers@biovizions.com ] with your CV and a short note on a cross-border ops process you've run. [ Edit before posting. ]
The data-room shell to stand up in Week 1 (DocSend or a structured Google Drive). Create these folders now; fill as documents are produced. "Status" tracks readiness.
| Folder | What goes here | Status |
|---|---|---|
| 01 · Corporate & formation | Certificate of Incorporation (DE C-corp), Bylaws, board & stockholder consents, EIN, good-standing | Cert ✓ · rest to do |
| 02 · Cap table & equity | Carta cap-table export, founder RSPAs, 83(b) confirmations, Stock Plan (10% ESOP), 409A, SAFE notes | To do (W2) |
| 03 · Intellectual property | CIIAs (all founders + hires), provisional patents, FTO memos, invention disclosures, trademark filing | CIIA + TM in W1 |
| 04 · Founders & team | Founders' Agreement, governance doc, org chart, JDs, offer letters, advisor agreements (incl. IP) | Drafts in W1 |
| 05 · Financials | Budget model, burn / runway, bank statements, accounting (Pilot / QuickBooks), grant applications | Model ✓ · rest to do |
| 06 · Science & data | Data sources & licenses (ChEMBL / PubChem / DrugComb / NCI-ALMANAC), model-architecture overview, validation plan, assay protocols | Building W3–W4 |
| 07 · Legal & compliance | Mutual NDA, collaborator-lab agreements (with IP terms), EOR / contractor agreements, insurance (GL, D&O), Claude API ZDR / BAA | To do |
| 08 · Pitch & strategy | Pitch deck, 24-month roadmap, market & competitive notes | Deck ✓ · roadmap ✓ |
Keep a clean, read-only investor view; stage sensitive IP (raw data, model weights, unfiled invention details) in a restricted sub-folder shared only under NDA.