The Startup Gig
Co-founder Agreement Services in India
Get a well drafted Founders Agreement by THE STARTUP GIG
Overview Of a Founders Agreement Services
Founders agreement services offer a comprehensive suite of assistance to entrepreneurs embarking on their startup journey. These services typically begin with thorough
consultation sessions, during which experienced professionals delve into the intricacies of the founders’ business aspirations, objectives, and organizational structure.
Following this initial phase, experts proceed to draft founders agreements meticulously tailored to the specific needs and circumstances of the startup.
These agreements serve as the cornerstone of the founders’ relationship, addressing critical aspects such as ownership stakes, decision-making protocols, roles and responsibilities allocation, equity vesting schedules, intellectual property rights delineation, dispute resolution mechanisms, and exit strategies.
Each founders agreement is intricately customized to reflect the unique dynamics and requirements of the founding team and their business venture, ensuring alignment with their collective intentions while preemptively addressing potential challenges or contingencies.
Additionally, founders agreement services encompass rigorous legal review processes to ensure compliance with relevant laws and regulations, thereby mitigating legal risks and ensuring enforceability.
Moreover, professionals facilitate negotiations among founders, aiding in the resolution of disagreements or concerns and fostering a collaborative environment conducive to long-term success.
Once finalized and agreed upon, the founders agreement is executed according to legal requirements, solidifying the terms and commitments outlined therein. Beyond the initial drafting and execution phases, founders agreement services may extend to ongoing support, including amendments to accommodate evolving business needs, guidance on implementing agreement terms, and assistance with resolving future disputes among founders.
In essence, founders agreement services provide invaluable support to startup founders, empowering them to structure their business relationships effectively, safeguard their interests, and establish a robust foundation for their venture’s growth and prosperity.
1. If I already trust my co-founder, do I still need a Co-Founder Agreement?
Yes. Even with complete trust, misunderstandings can happen when money, equity, or responsibilities come into play. A Co-Founder Agreement isn’t about doubting your partner; it’s about putting everything in writing so both of you are protected and clear from day one. Think of it like insurance for your partnership: you hope you never need it, but you’ll be glad it’s there if challenges arise.
2. What happens if I don’t have a Co-Founder Agreement?
Without one, common issues,like disagreements on vision, unequal workload, exit of a founder, or disputes over intellectual property,can escalate into costly legal battles or even break the startup. Having an agreement ensures there’s a roadmap to handle conflicts smoothly without damaging the business.
3. What exactly is covered in a Co-Founder Agreement?
A well-drafted agreement usually covers:
- Equity split and vesting schedules
- Defined roles and responsibilities
- Ownership of intellectual property (IP)
- Decision-making authority and voting rights
- Founder exit or removal clauses
- Dispute resolution mechanisms
4. When is the right time to create a Co-Founder Agreement?
The best time is at the very beginning,when you and your co-founder are aligned, motivated, and setting up the company. However, it’s never too late. If you’re already running a startup without one, now is the right time to formalize it before any disagreements arise.
5. We are just two friends starting up. Isn’t this too formal?
Not at all. Many successful startups were founded by friends,but friendships can get strained when business comes into play. A Co-Founder Agreement actually helps preserve your relationship by separating business matters from personal ones.
6. Can the agreement be customized for our startup?
Absolutely. No two startups are alike. We don’t use cookie-cutter templates,we sit with you to understand your vision, goals, and dynamics, then draft an agreement that works for your specific situation.
7. What if my startup grows and circumstances change?
Your Co-Founder Agreement can evolve with your business. We help with amendments and modifications as your startup scales, brings in investors, or restructures.
8. Do I need a lawyer for this, or can I draft it myself?
You could try drafting it yourself, but DIY agreements often miss critical legal and business details. Having a professional ensures your agreement is enforceable, balanced, and tailored to real-world scenarios,saving you from potential legal and financial risks later.
9. I’m not based in Mumbai. Can you still help me?
Yes! We work with founders across India (Delhi, Bangalore, Hyderabad, Pune, Gurgaon, Chandigarh, etc.) and internationally (Canada, USA, and more). Everything can be handled online,consultations, drafting, reviews, and finalization.
10. How do I get started?
You can book a free consultation with us to discuss your situation. Once we understand your startup and co-founder dynamics, we’ll guide you through drafting and executing the agreement in simple, founder-friendly steps.
Why choose The Startup Gig For Founders Agreement Services
We Help You Define The Right Strategy & Ownership Structure
Easy And Seamless Process
Why it is Important to have a Founders Agreement
- It helps in determining the business Entity
- It helps in outlining plans for the business
- It specifies the designation and the Roles & Responsibilities of a person
- It maintains the structure of ownership
- It helps in decision-making
- Expulsion of co-founders
- It maintains confidentiality
Documents required for the preparation of the Founders Agreement
The followings are the documents required while preparing a Founders agreement:
- Address and identity proof of all co-founders
- Identity proof of witnesses
- Certificate of company registration
- Number of equity shares held by co-founders
- All the company’s intellectual property documents
Testimonial
Frequently Asked Questions for Due-diligence For Startups
1. If I already trust my co-founder, do I still need a Co-Founder Agreement?
Yes. Even with complete trust, misunderstandings can happen when money, equity, or responsibilities come into play. A Co-Founder Agreement isn’t about doubting your partner; it’s about putting everything in writing so both of you are protected and clear from day one. Think of it like insurance for your partnership: you hope you never need it, but you’ll be glad it’s there if challenges arise.
2. What happens if I don’t have a Co-Founder Agreement?
Without one, common issues,like disagreements on vision, unequal workload, exit of a founder, or disputes over intellectual property,can escalate into costly legal battles or even break the startup. Having an agreement ensures there’s a roadmap to handle conflicts smoothly without damaging the business.
3. What exactly is covered in a Co-Founder Agreement?
A well-drafted agreement usually covers:
- Equity split and vesting schedules
- Defined roles and responsibilities
- Ownership of intellectual property (IP)
- Decision-making authority and voting rights
- Founder exit or removal clauses
- Dispute resolution mechanisms
This makes sure every “what if” scenario is addressed before it becomes a problem.
4. When is the right time to create a Co-Founder Agreement?
The best time is at the very beginning,when you and your co-founder are aligned, motivated, and setting up the company. However, it’s never too late. If you’re already running a startup without one, now is the right time to formalize it before any disagreements arise.
5. We are just two friends starting up. Isn’t this too formal?
Not at all. Many successful startups were founded by friends,but friendships can get strained when business comes into play. A Co-Founder Agreement actually helps preserve your relationship by separating business matters from personal ones.
6. Can the agreement be customized for our startup?
Absolutely. No two startups are alike. We don’t use cookie-cutter templates,we sit with you to understand your vision, goals, and dynamics, then draft an agreement that works for your specific situation.
7. What if my startup grows and circumstances change?
Your Co-Founder Agreement can evolve with your business. We help with amendments and modifications as your startup scales, brings in investors, or restructures.
8. Do I need a lawyer for this, or can I draft it myself?
You could try drafting it yourself, but DIY agreements often miss critical legal and business details. Having a professional ensures your agreement is enforceable, balanced, and tailored to real-world scenarios,saving you from potential legal and financial risks later.
9. I’m not based in Mumbai. Can you still help me?
Yes! We work with founders across India (Delhi, Bangalore, Hyderabad, Pune, Gurgaon, Chandigarh, etc.) and internationally (Canada, USA, and more). Everything can be handled online,consultations, drafting, reviews, and finalization.
10. How do I get started?
You can book a free consultation with us to discuss your situation. Once we understand your startup and co-founder dynamics, we’ll guide you through drafting and executing the agreement in simple, founder-friendly steps.