Founders Contract (Start-Up or Business)

lei100.00

This contract between the founders of a business or start-up is used to establish the responsibilities of each party, the evolution of the business or start-up and to prevent conflicts between them. This model founders' agreement helps to clarify the roles, responsibilities, expectations of each founder, and the overall vision for the business.

Scope: the main objectives of the new business / start-up.

Expected development: guidelines for the development of the project.

Contributions: each party's contribution and involvement in the projects, rights and responsibilities, expectations.

Performance: daily management of responsibilities.

Decision making: how important decisions are made.

Specific clauses: what happens when the founders leave the business; clauses regarding the establishment of a future company.

Equity distribution: addresses the distribution of equity among founders. This is a critical aspect, as it defines each founder's ownership stake in the company. It may outline how equity is allocated based on contributions, time commitments, or other factors.
For new business ideas. To set up a general framework for their development.

For new projects. When you intend to develop a new side of the business or a specific project together with a partner.

Pre-incorporation or early stage:
the founders' agreement is often drafted during the pre-incorporation or early stages of the business. It helps to establish a clear understanding among the founders before the company is legally formed.

Investment or funding rounds: when seeking external funding or going through investment rounds, investors may require or prefer the existence of a founders' agreement. It provides transparency and assurance regarding the internal workings of the company.

Founders Contract (Start-Up or Business)

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