Co Founders Agreement
A Co-Founder Agreement is a crucial document establishing the ground rules for a startup between its founders. It outlines the rights, responsibilities, ownership structure, and conflict resolution mechanisms for all involved parties.
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What is a Co-Founder Agreement?
A Co-founders Agreement is an official document signed by all the co-founders of a company, this agreement states the roles and responsibilities, Ownership, and initial investments made by each founder of a company, it is advisable to make a co-founder agreement at the incorporation stage of a company to avoid ambiguity that may arise in the company in future.
Process of Drafting a Co-founders Agreement
Step 1: Share your requirements
Share your requirements and the list of documents mentioned below.
Step 2: Discussion with the professionals
You can discuss your requirements and doubts with our professionals and clear your doubts.
Step 3: Drafting and sharing of the first draft
Step 4: Review and feedback
You need to review the draft and share your feedback if any.
Step 5: Iterations and final documents
Step 6: Sharing deliverables
Documents and Information Required for Drafting of Co-Founder’s Agreement
- Required information
- Documents required if any.
Key Deliverables
- First Draft (Soft Copy)
- Final Draft (Soft Copy)
Why choose Wazzeer?
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One platform for all your requirements
Incorporation is just the first step. Wazzeer supports you throughout your journey as an entrepreneur. Log in to get things done efficiently. A dedicated Account Manager offers the required human touch and acts as an advisor to you.
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Experienced professionals
Our professionals have at least 5 years of experience and have incorporated thousands of companies among them. The rich experience ensures that the process is smooth and right in the first go.
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Defined process
Over the last few years, doing over 500 incorporations, we have defined every step of the process. A virtual process is in place enabling us to deliver hassle free experience for you.
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Cost Effective
You pay what you see in the proposal. No surprises or hidden charges.
Frequently Asked Questions
I have a limited understanding of the contract that should be drafted can the lawyer advise me on the content?
Yes, before drafting the contract the lawyer will get in touch with you for a better understanding of the whole scenario, and if there is anything that you need to improve or change the lawyer will advise you on the same and then he will start preparing the draft.
What will you need from my end for drafting?
From your end, we need the basic information and any documents or additional information if required.
What if the draft that is shared with me does not cover everything. What happens next?
At first, the lawyer will write the first draft and it will be shared with you if there are any changes you can tell the lawyer he will make the same changes and will forward you the final draft.
After the first draft, the discussion between the stakeholders changed tracks resulting in significant change in the agreement, will the charges double now?
No, the charges won’t be doubled but whatever the extra work that is needed to be done, you will be charged only for that.
After I receive the soft copy of the final agreement, what’s next?
After receiving the final draft you can take the print out of the draft on a normal paper or any bond paper depends on the type of agreement. And proceed for the signing of the document.