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Document Description

This Agreement is entered into between the founders of a company, wherein the relationship between the co founders are agreed upon. You need it when you are about to start a venture and need to define the ownership, roles and responsibilities of every co-founder, decision making powers, procedure as to admitting of a new partner, circumstances in which a founder can be disqualified, conflict resolution method among them, non compete clause, compensation or salary that the founders will draw. The repayment of loan from founders to keep the business running, and authority within the company to enter into contracts or sign cheques are also clearly defined,thus it prevents any disputes between the co founders.

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Users who create Co-Founders' Agreement often require the following list of additional agreements.