Founding partners agreement (start-up, business)

Use the founders’ agreement template for:

Business establishment: did you choose the partners ideal for initiating a business venture? While laying down the groundwork for success is imperative, it’s equally important to formalize ongoing commitments. Document the roles and contributions of each founder, establish decision-making protocols, delineate profit-sharing and loss allocation mechanisms, and outline the primary developmental trajectory through a partners’ agreement. Additionally, define exit strategies for founders or protocols for the introduction of third-party stakeholders.

Conflict mitigation: should disputes or discrepancies arise among founders, a founders’ agreement serves as a structured framework for resolution. This may encompass formalized mediation or arbitration procedures, as well as contingency measures for impasse resolution.

Technology and software ventures: for technology startups or software development enterprises, a founders’ agreement can provide clarity on matters pertaining to intellectual property ownership, delineation of roles in product development endeavors, and formulation of strategic growth initiatives.

E-commerce enterprises: founders’ agreements are instrumental in establishing robust frameworks for inventory management, outlining marketing responsibilities, and formulation of expansion strategies of e-commerce ventures.

Food and hospitality sector: within the food and hospitality industry, a founders’ agreement articulates compliance with hygiene and food safety regulations, outlines protocols for profit distribution, and delineates responsibilities within the operational scope of restaurants or hotels.

Professional services firms: for professional service entities such as accounting or consulting firms, founders’ agreements can determine the individual mandates of partners, establish criteria for client allocation, and set decision-making protocols within the organizational hierarchy.

You can also use a partnership agreement or a service provision contract.

When you reach the incorporation stage, with this articles of association to follow the online procedure at the National Trade Register Office (ONRC) on your own, without needing an external consultant or a lawyer. Find out how.