Co-founder Agreement

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    About Co-Founder Agreement

    A co-founder agreement specifies the duties and responsibilities of the company’s founders. This is not a legally binding contract, but just a written agreement between cofounders that serves as a guide to ensure that all cofounders adhere to the terms and responsibilities of their work. A cofounder agreement may be referred to as a written terms and conditions sheet to guide the future activities of all cofounders.

    Advantages of Co-founder Agreement

    Help Setting Goal

    Setting A Fruitful Goal Is The Foremost Priority For Any Startup. The Cofounder Agreement Amplifies And Enables The Founder’s Members Of The Company To Understand, What Will Be The Company’s Plans. Is There A Product Line Offered By The Company? Which Industries Is The Company Operating In? Etc.

    Defines Role and Responsibilities

    The Co-Founder’s Agreement Describes The Role And Responsibility Of Each Founder Member Of The Company And Builds A System Of Accountability.

    Registration Process Flow

    1-2 HOURS

    Select Package
    Fill Out The Appropriate Forms Or Speak To Our Experts Online For Assistance.

    2 WORKING DAYS

    Obtain Information and Documents
    We will gather the basic Information and needed documents and select the due dates of ROC filing.

    2 WORKING DAYS

    Comprehensive Agreement
    We Will Understand Your Requirement And Will Draft A Comprehensive Co-Founder Agreement.

    2-3 WORKING DAYS

    Revision Of Agreement
    We Will Mail You A Softcopy Of The Agreement Drafted And If There Is A Requirement For A Hard Copy That Would Be Sent Through A Courier.

    2-3 WORKING DAYS

    Check Application Status
    Throughout The Process, We Will Keep You Informed About The Status Of Your Application.

    Documents required for Co-founder Agreement

    pricing packages

    Basic Package

    ₹ 9,999

    Growth Package

    ₹ 14,999

    Premium

    ₹ 24,999

    Comparison

    Document
    Comparison Basis Private limited company Llp Sole proprietor
    Raising Fund
    Start-Up India Recognition
    Complince Cost
    Suited For Growing Startup Service Provider Small Business
    Taxation Benefit

    FAQs

    The co-founder's agreement will restrict co-founders from engaging in other employment opportunities, whether or not they are relieved or ousted from the company.

    Yes, the co-founder's agreement has got to be executed on non-judicial stamp paper for respective value and get notarized from the notary person, so as to make the agreement a legally enforceable one.

    Yes, but it depends on the severity of the dispute! for instance, the shares of the co-founder are going to be vested with the company if he violates or breaches the agreement.

    It provides for business definition, percentage, or a variety of shares which is held by each co-founder, the extent of every founder’s responsibility, a problem regarding the firing of any founder, a non-compete clause, confidentiality, etc.

    The purpose of the agreement is to make the understanding the co-founders have regarding the functioning of their company and the relationship and obligation between co-founders legally binding through a formal written agreement.

    As such, there's no need to register the co-founder’s Agreement. Making the identical on stamp paper of non-judicial value is sufficient.

    The co-founder's Agreement must get notarized on the non-judicial stamp paper of the required value. As we all know stamp tax varies as to necessity. So one must make sure that he comes under the exact slab.

    As it is a legal document that carries the legal relationship between all the co-founders. If you would like one sample then you can find it on our site.

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