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Founder's agreement helps enhance clarity of roles. Thereby drastically reducing the chances of clashes and increasing the chances of success.
Fill the form on your right to get in touch with our experts. They will explain you the the clauses of the founder's agreement mentioned above. Also, they will help you decide the factor's of those clauses.
Your assigned relationship manager will share a basic information form with you. The information in the form will be included in your Founder's Agreement. It will later help you take the important decisions.
Our team of experts will draft your founder's agreement. They will make sure that the agreement complies with all the legalities and your business requirements.
Your RM will share the drafted copy of agreement . You can review it with your co-founder and ask for modifications. We will make the necessary changes and share the final copy of agreement for approval.
We will get the final agreement stamped on Rs. 500 Stamp Paper and deliver the Stamped Original Founder's Agreement at your doorsteps.
Mihir and Adarsh (Not the real names) started a company in 2017. They were close friends. Given their compatibility and bonding, they did not feel the need to have a founder's agreement. They had a 50-50% share.
A year after starting, Mihir felt the business is not generating enough money. So, he stopped working for the business. Adarsh who believed in the business, kept working hard.
Adarsh started feeling that he alone is doing all the work. At the same time Mihir was getting share of profits without even giving time for his part of work.
They started having conflicts which later dragged them to court. The court asked for the vesting schedule. They didn't have any.
The fued turned ugly. And their company soon went bankrupt because of eroded goodwill in Market and internal fights.
What could have been a successful startup, ended in ashes. Just a founder agreement could have saved all the trouble.
The Founder's Agreement would have defined the rights and obligations of all partners. Also defining the minimum years a partner is supposed to work to get his full share. It would have served it's purpose that is protecting the founder's interest.
Also, it would have set up a structure for how money will be shared and how decisions will be made.
Mihir and Adarsh were best friends. Yet, they could not agree on each others terms. Future is unpredictable.
Founder's agreement is not a substitute of Trust among partners, its just a way to keep that trust intact.
A Founders Agreement helps you decide on the functioning of a business entity. It designates roles and responsibilities, structures ownership and compensation, makes decisions easier. Moreover, it also highlights the obligations and powers of co-founders.
Simply, fill the form on your right and an expert will get in touch with you. He will guide through the process and requirements to get a founder’s agreement for your business.
The founder's agreement must be on a non-judicial stamp paper for relevant value. After you receive the physical copy of the Founder's Agreement on Stamp Paper of Rs. 500 from us, get it notarized from the notary person in your location.
The founder’s agreement must have all the following important clauses:-
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