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Co-Founder Agreement

A Co-founders Agreement is a legally binding agreement between the co-founders of a business or company that talks about their roles and responsibilities related to the business. The agreement was set up at the time of incorporation of the business to avoid any kind of future ambiguity between them. The agreement not only solves future conflicts by telling them about their duties but also made goals and expectations from them for the sake of the betterment of the business.

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Overview

Benefits

Documents

Required Process

Why Us?

FAQs

The Glossary

Overview

A Co-Founders Agreement is an authorized agreement that is contracted between all the co-founders of a business. This agreement document declares all the key accountabilities, possession, and early investments of a business. This is a legally binding agreement and should form at the beginning of the corporation’s lifecycle. It is effective in regulating the founders’ business relationship. The agreement integrates various situations including what happens next after someone leaves it or how much one contributes to a business.

Benefits

Sets goals and future expectations

The agreement not only talks about the duties of the co-founders but also states the plans, goals, and expectations. It provides a vision to the co-founders so they can act in a certain manner to achieve the goals.

Specify roles and responsibilities

The agreement-specify role and responsibility of each founder of a business so they can action and plan accordingly. This helps businesses to grow more effectively.

Documents Required

1. PAN Card
2. Certificate of Incorporation
3. MoA & AoA of Private Company
4. Audited Financial Statements
5. Audit Report & Board Report
6. DSC of Director

Process

Select Package

Your journey starts with the package selection. Our team of professionals is here to assist you & solve your doubts accordingly.

Comprehensive Agreement

As per your need, the team will draft a comprehensive co-founder agreement.

Modification of Agreement

After drafting the agreement, the team will share a soft copy of the agreement with you via mail to check if everything is correct or not. If there is a need for a hard copy then it will be sent through courier.

Live Tracking of the Application

The team will provide you the live tracking of your application through the LIVE TRACKING TAB.

Why Us?

We are here to make everything easy for you. If you have any doubts about how to start with the procedure, we are here to resolve this confusion for you. We will enlighten you about what are the different criteria you must fulfill & what is the best possible way you can do everything smoothly. For a convenient Co-Founder Agreement, we have a team of highly skilled professionals and a large network of people who can assist you with every service that you will need.

FAQ

Why it is important to draft a co-founder’s agreement?
It is important to draft a co-founder agreement as it prohibits the co-founder from engaging with other employment opportunities.
Is the founder and co-founder of a company the same?
The founder is the person who has established the business on the other hand the co-founders are the persons who follow the founder in establishing the business.
What is the required format of the co-founder’s agreement?
An agreement is a legally binding document between the co-founders. Legal24by7 has various templates regarding this. You can check out them on our website and select the best template according to your choice.
How to make co-founders agreement?
We provide guidance and drafting support to a business to make the co-founders agreement. It has a perfect team and experts, who will help you out in this process.
Is it mandatory to register the co-founder agreement?
No, there is no such need to register the co-founder agreement.
Is there any penalty if a company fails to maintain a co-founder agreement?
Yes, it is depended on the seriousness of the dispute.
What is the intent of a co-founder agreement?
The main intent of a co-founder agreement is to aware the co-founders of their roles and responsibilities towards the company.

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