Founder's Agreement
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Founder's Agreement
A founder’s agreement is usually referred to as shareholder’s agreement, is a written document that deals in cases such as relative split of the equity among the founders of the firm, also the fact that how long the founders will have to remain with the firm for their shares to fully vest. Thus it extends the role and responsibilities of the founding members of a company, the equity vested in them etc. Founder’s agreement covers various aspects that the founders undertake.
Advantages of Founder’s Agreement:
Clarity: with the founder’s agreement there arrives clarity among the founders. There are certain matters which are not discussed between the co- founders. Thus, this agreement provides clarity of doubts, decisions, and terms of business.
Segregation: the roles and duties are clearly segregated and defined through founder’s agreement.
Procedure of Founder’s Agreement:
- A well efficient/competent lawyer from our team shall contact you, and explain you the total process, and will understand the need of founder agreement.
- Once the objectives of the founder agreement are defined, the lawyer shall draft a sample founder agreement accordingly.
- The draft of founder agreement shall be sent to you, for your review.
- Once you approve it, it shall be served to the other party.
- The whole process takes around 2-3 working days.
