A Founders’ Agreement outlines the roles and responsibilities of the founding members of a company, the equity vested in them, the ownership of intellectual property created by them etc.
FOUNDERS AGREEMENT
A Founders’ Agreement outlines the roles and responsibilities of the founding members of a company, the equity vested in them, the ownership of intellectual property created by them etc. It is a broad agreement covering various aspects of the venture that the founders are about to undertake, including the consequences of their departure or death.
ADVANTAGE
- Many of the matters amongst the founding members go undiscussed, therefore, this agreement gives the members an opportunity to discuss these pending matters to clear any doubts and makes the relationship healthy.
- This agreement clarifies the roles and responsibilities of every member in the company.
- This agreement clarifies the roles and responsibilities of every member in the company.
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