All You Need to Know About Starting a Company
What is a Founders' Agreement?
Founders’ agreement is an agreement between all the founding members of a company. It is a detailed agreement defining roles and responsibility of each and every member. It is advisable to have this agreement at an early stage of enterprise formation to avoid any future legal complications.
A founders’ agreement should consist the following: -
- Detailed roles and responsibilities of every member
- Initial investment made by each member
- Consequences of leaving the company or in case of death
- Ownership details
- Intellectual property rights
- Profit sharing or salary drawn
- Dissolution of company
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K-Tech Engineers (India) Pvt.Ltd.“One of the best online place for all your legal services. I used them for setting up a company, GST registration and filing, IT filing and for legal notices. They clear all the queries very patiently and make all the processes quite easy. But the best part is they charge very less cost compared to other online services.”
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Indian Courier Express“Very Professional. Co-operative. ClickNTax helped us to take informed decisions throughout the process. All done conveniently. Follow ups were quick. Thank you ClickNTax. :)”
Arun Gupta
GuideSkillAdvantages of a Founders' Agreement
Crystal clear understanding
There can be many undiscussed areas between co-founders which can go unnoticed. But, with the help of this agreement, an opportunity will arise to discuss these areas and have a better understanding of each other’s stand on that issue.
Defined Roles and responsibility
This agreement will provide a detailed view of roles and responsibilities of each and every founding member of the company.So, every member will be clear about his role as well as roles of other members. So, it will also protect them from future implications of any kind.
Founders’ Agreement Procedure
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3 WORKING DAYS
Once you send in a request, our representative will get in touch with you to understand your requirements. If further details are required, we will contact you for the same. Once these are in, we will connect you to a verified lawyer, who will prepare the draft and send it to you for review within 3 to 4 working days. -
2 WORKING DAYS
In case you have any clarifications or would like to make changes to the draft, the assigned lawyer will work on them. Two rounds of iterations are included in the original price.
