Importance of Well-drafted Legal Documents for a Startup
By Advocate Atit Jain / 2016-10-13
A startup requires numerous legal documents prior to Incorporation as well as post incorporation. Therefore, it becomes important to consult a good startup lawyer to get well-drafted legal documents for your startup.

Have a Legal Issue?

Get connected to the Best Lawyers and Chartered Accountants Near You!


A Start-up is all about bringing to life an idea that meets the demands of the society in a unique way; with the goal of solving a substantial problem either in terms of scale or in terms of the number of people facing the problem. An idea can be thought by one brain and then sold to other individuals thereby effectively making a team of like-minded people, or it can take birth out of the smallest of brainstorming sessions between friends or acquaintances. The moot point is that to bring to life the seed of a business venture, there has to be a group of people which are together willing to experiment, dream big and finally take multiple leaps of faith to succeed.

Investors, venture capitalists etc need to be dealt with by anyone trying to open-shop in the modern world. When launching a start-up everyone wants to make it as valuable as possible, so, the easiest way is by making your entity as legally solid as possible. For this, you can consult a good startup lawyer in India .

The reality behind many essential documents is that firstly they are needed to efficiently run the business and secondly if they are breached or made in a meek manner where even a single word leading to any sort of misinterpretation can change the nature of your agreement.

This may end up being unfavourable to you in ways that nobody can imagine beforehand. In a worst-case scenario, the whole agreement becomes void because of over-restrictive clauses or clauses which are against the statutory laws or any relevant circulars/ notifications of regulatory authorities etc. A startup law attorney in India can carefully word every document you need for your young business.

Any potential Angel investor or Venture Capitalist, at the time of fundraising stage of the business, scrutinizes how safe his investment is going to be, and safety of the investment depends on how strongly drafted the documents of incorporation of the business are.

A startup requires numerous legal documents prior to Incorporation as well as post incorporation. Therefore, it becomes important to consult a good startup lawyer to get well-drafted legal documents for your startup.

Have a Legal Issue?

Get connected to the Best Lawyers and Chartered Accountants Near You!


Related Posts

Read Our Blogs on Similar Topics