Co-founder Agreement
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A Co-founder Agreement is a document that outlines the terms and conditions of the relationship be ...
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Select Document
Choose your required Document
Schedule Call with the Lawyer
Schedule Call and discuss with the Lawyer your Document drafting requirements
Get your Agreement Draft
Lawyer will deliver customized draft of the Document as per your requirement
Contents of a Co-Founder Agreement
Company Formation
Details on the formation of the company, including the company's name, location, and purpose.
Ownership and Equity
Information on the ownership structure of the company, including the allocation of equity among the co-founders and any vesting schedule.
Roles and Responsibilities
A clear definition of the roles and responsibilities of each co-founder, including management responsibilities and decision-making authority.
Capital Contributions
Details on the contributions each co-founder will make to the company, including any financing commitments.
Intellectual Property
Provisions on how the company will handle any intellectual property created by the co-founders, including ownership and licensing arrangements.
Confidentiality and Non-compete
A commitment by the co-founders to keep confidential information about the company confidential and to not compete with the company for a specified period of time after the agreement ends.
Dispute Resolution
Provisions for resolving disputes among the co-founders, including mediation or arbitration.
Termination
Provisions for terminating the agreement in the event that a co-founder resigns, is terminated, or breaches the terms of the agreement.
Amendment and Governing Law
Details on how the agreement can be amended and the governing law that will apply in the event of a dispute.
Benefits of Co-Founder Agreement
Designating the Roles and Responsibilities of co-founder
Defines the roles, responsibilities, and expectations of each co-founder
Define ownership
Establishes ownership and control over the company and its assets
Decision Making
Sets clear guidelines for decision-making processes and dispute resolution
Interests
Protects the interests of all co-founders and minimizes the risk of future conflicts
Rights and obligations
Provides a clear understanding of each co-founder's rights and obligations
Fund Raising
Helps secure funding and attract investors by demonstrating a clear and professional structure
Helps in the Growth
Supports the growth and success of the company by establishing a strong foundation and vision.
Provision for Compensation
In the agreement proper proportion of compensation to be made is mentioned.
Deliverables
Dedicated Lawyer Available
60 Minutes of Talk time with the Lawyer for discussing requirements.
First Draft within 3 Days
First draft of the Document will be delivered within a maximum of 3 working days
Finalize Document
2/3 Iterations per Document allowed to incorporate your suggestions/changes
Frequently asked Questions
What is a Co-Founder's Agreement?
A Co-Founder’s Agreement is a legal contract between the co-founders of a company that outlines their rights, responsibilities, and obligations.
Why is a Co-Founder's Agreement important?
A Co-Founder’s Agreement is important to ensure that all parties have a clear understanding of the ownership structure, responsibilities, and liabilities of the company. It helps avoid misunderstandings and disputes between co-founders and protects their interests.
What should be included in a Co-Founder's Agreement?
A Co-Founder’s Agreement should include details on the ownership structure, responsibilities, and liabilities of the co-founders, as well as provisions for dispute resolution, intellectual property, and management of the company.
Who should draft a Co-Founder's Agreement?
A Co-Founder’s Agreement should be drafted by a corporate lawyer who specializes in corporate law.
How often should a Co-Founder's Agreement be updated?
A Co-Founder’s Agreement should be reviewed and updated regularly, particularly when the company undergoes significant changes, such as adding new co-founders, raising capital, or expanding operations.
Is a Co-Founder's Agreement legally binding?
A Co-Founder’s Agreement is a legally binding contract and enforceable by law.
Can a Co-Founder's Agreement be terminated?
Yes, a Co-Founder’s Agreement can be terminated by mutual agreement of the co-founders or if a co-founder violates the terms of the agreement.
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Reviews
4.8
Ravi Kashyap
It provided a clear framework for starting a new project. Ezylegal allowed us to customize the co-founder contract to fit our specific needs. The guidance they provided was invaluable. It gave us peace of mind as we move forward with our business.Nishant Vaidya
The Founders document was a great starting point for our new business. A friend of mine recommended Ezylegal. I approached the Lawyer and discussed with him all my requirements, and they guided me very well and delivered the final document within a week.Sahil Sharma
I have started a new venture and was unclear about the legalities involved. Ezylegal provided a clear framework for our partnership and ensured we were all on the same page from the beginning.Sameksha Aggrawal
The Startup Co-Founders Agreement document was available on time. The document was very easy to use, and the explanations provided were clear and concise. We were able to customize the agreement to fit our specific needs. It was definitely worth the investment.Rohan Jain
The Co-Founders Agreement template was incredibly helpful for my startup. It covered all the important aspects that needed to be addressed, from equity allocation to decision-making processes. It saved us a lot of time and effort and we felt much more confident starting our business with a solid foundation in place.
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