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Founders Agreement

(Founders Agreement drafting typically takes about 5 working days)

Understanding the requirements
Advice on Terms and Conditions to be included
Drafting the Founders Agreement
Incorporate Changes suggested by Client (2 Rounds)

Starting At:
Rs 4,999/- All Inclusive

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Founders Agreement

What is Founders Agreement?

A start-up is a very serious business wherein few individuals start working together to realise their collective dreams. But there are instances in Start-Ups when confusion or ego trip comes in, which creates a situation where the whole dream not only falters but also gets in legal tussle. The solution to this a well drafted founders' agreement. Founders Agreement is a document which covers various aspects of the start-ups and its path ahead.

A Founders Agreement should include, but not be limited to, following terms such as Investment by Each Founder and its timeline, Salary to be drawn, Intellectual Property Rights, what if a founder leaves the start-up in between either willingly or because of any unfortunate event like death etc. Ca4you-legal undertakes the job of drafting Founder Agreement starting from Rs 4,999/-.

What is included in our founders agreement package?

Understanding the requirements
Advice on Terms and Conditions to be included
Drafting the Founders Agreement
Incorporate Changes suggested by Client (2 Rounds)

Procedure for Founders Agreement Service

Documents Required For Founders Agreement?

Information about Co-founder
Information about Strategy and Future Plans
Information asked by ca4you.in in required format

Advantages of Founders Agreement Service

Safeguard Business Future

By having Founders Agreement, founders can be rest assured that Business will run as per the plan and achieve the success it deserves and all the co-founder work coherently. A start-up is more important than individual egos.

Common Point to Start

Each co-founder can come on same page and discuss all the issues, their commitment, plans and all the issues which normally goes unanswered till it is too late to answer them. In fact, a founders agreement is as important as getting your Company Registration done.

FAQ'S

Q. Can Founders Agreement be signed through e-mails?

Founders Agreement should ideally be signed on a Bond Paper and have a copy for each of the co- founder. Having Founders Agreement on e-mail is also acceptable but all the co-founders should send a reply saying that they “confirm to accept the Founders Agreement without any changes”.

Q. Is it mandatory to have Founders Agreement printed on Stamp Paper?

No, it is not mandatory to have Founders Agreement printed in Stamp Paper. You can print it and sign it in bond paper.

Q. Can Legal Action be taken against the co-founders if they break to comply with Terms and Conditions signed in Founders Contract?

Yes, a co-founder can be taken to court and be sued against damages etc. caused by his action to organization.

Q. What are the things which co-founders/start- up needs to keep in mind to draft Founders Agreement?

A Founder Agreement needs to be drafted by professionals to ensure that no important points are missed. Also, Founder Agreement needs to address few major issues like investment by each founder, full time and part time involvement of co-founders amongst other things.