CoFounders Agreement - Smart Business Box

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Co-Founders Agreement
smartbusinessbox.in/co-founders-agreement
What is Co-Founders Agreement? Start-ups can be a
brimming place with creative ideas and energy but
a mere fact that not having a co-founders
agreement is not a good idea. A co-founders
agreement is a valid and legal document that is
a key document that rules the operations of a
company. Co-founder means more than one founder
and therefore it is necessary to bring to the
table the rules and obligations and share of each
of the partners. The co-founder agreement can
also include the goals of the company, companys
values and philosophies, working style and
culture, success parameters. People management,
technical, operations and other individual roles
can be defined under the roles and
responsibilities. A co-founders agreement
usually includes- Name of the co-founders Date of
the company incorporation Ownership spilt Roles
and responsibilities Capital contribution and
additional contributions Expenses budget
allocation Salary compensation Decision making
rights to legal, operating, approval and signing
contracts. Equity shares. The co-founders
document can also include Intellectual rights
and assignment Departure or removal of
founders Termination and dissolutions
clauses Dispute resolution
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