Co-Founders Agreement smartbusinessbox.in/co-founders-agreement
What is Co-Founders Agreement? Start-ups can be a brimming place with creative ideas and energy but a mere fact that not having a co-founder’s agreement is not a good idea. A co-founder’s agreement is a valid and legal document that is a key document that rules the operations of a company. Co-founder means more than one founder and therefore it is necessary to bring to the table the rules and obligations and share of each of the partners. The co-founder agreement can also include the goals of the company, company’s values and philosophies, working style and culture, success parameters. People management, technical, operations and other individual roles can be defined under the roles and responsibilities.
A co-founder’s agreement usually includesName of the co-founders Date of the company incorporation Ownership spilt Roles and responsibilities Capital contribution and additional contributions Expenses & budget allocation Salary & compensation Decision making rights to legal, operating, approval and signing contracts. Equity shares. The co-founder’s document can also include – Intellectual rights and assignment Departure or removal of founders
Termination and dissolutions clauses Dispute resolution
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