The membership agreement is the contract between the individual worker owners and the co-op. It’s the document workers sign when they buy their membership share and is the legal mechanism that takes someone from being a worker to being a worker-owner.
In most cases this membership agreement can simply be filled out and used as is. However, the offer and sale of membership shares requires careful attention to federal and state securities law and to other state laws regarding stock purchase agreements. We recommend that you consult local legal counsel in adapting this membership application and agreement to your needs. Click here to download a version of this document that can be edited.