Founders Agreement
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Founders Agreement

A Founders' Agreement is a contract that a company's founders enter into that governs their business relationships.

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A Founders Agreement is a document that outlines the rights, responsibilities, and obligations of the founders of a company.

Here are some benefits of having a Founders Agreement in place:

    ★ Clarifies roles and responsibilities: A Founders Agreement helps to clarify the roles and responsibilities of each founder in the company. This can help to avoid misunderstandings and conflicts that can arise from differing expectations and assumptions.

    ★ Protects intellectual property: A Founders Agreement can help to protect the intellectual property (IP) of the company, including inventions, trademarks, and patents. It can also define who owns the IP and how it will be used and licensed.

    ★ Avoids disputes: A Founders Agreement can help to avoid disputes among founders by setting out the process for resolving conflicts. This can include mediation or arbitration, or other dispute resolution mechanisms.

    ★ Defines ownership and equity: A Founders Agreement can define the ownership and equity structure of the company, including the percentage of shares each founder owns and how equity will be distributed over time.