• officialsonisvision@gmail.com
  • 8764001181

Co-Founders Agreement In India For A Startup | Founders Agreement Simplified

What is Co-founder Agreement?

A Founders’ Agreement is an official contract that is signed between all the co-founders of a firm or startup. This document states all the responsibilities, ownership, and initial investments made by each of the founders of the company. It is advised to make a founders’ agreement at the incorporation stage of an enterprise as it will lay out the responsibilities and roles of each of the co-founders.

Now, let us look at the essentials that are a must in any founders’ agreement. They are:

  • Definition of the business
  • Details of capital raised (by founders and investors)
  • Ownership details (in the company)
  • Roles and responsibilities of each of the co-founders
  • Compensation (salary drawn by each of the co-founders)
  • Details of exit formality for founders
  • Dissolution of the firm
  • Details of dispute resolution

Unfortunately, co-founding a business isn’t too dissimilar from marriage.  You can start with all the right intentions and never imagine separating.  But it does happen.  Plan ahead.

Call us Now on 8764001181 

Do you want to get our quality service for your business?