Co-Founder Agreement

Co-Founder Agreement is a legal document that outlines the rights, responsibilities, and obligations of each co-founder in a startup or business venture in India. This agreement sets the terms of the relationship between the co-founders, such as the division of equity, management responsibilities, and what happens in the event of a dispute or one co-founder leaving the company.

The Co-Founder Agreement typically includes the following key provisions:

• Ownership and equity: This section outlines the percentage of equity that each co-founder will hold in the company and how future equity will be distributed among the co-founders.
• Management and decision-making: This section outlines the roles and responsibilities of each co-founder, including who will be responsible for making key business decisions and how disputes will be resolved.
• Intellectual property: This section outlines who will own the intellectual property that is created during the course of the business venture, and how it will be used and protected.
• Exit provisions: This section outlines what will happen in the event that a co-founder leaves the company, including how the co-founder’s equity will be handled and any obligations that the co-founder may have to the company.

It is important for the co-founders to have a written agreement to avoid any future disputes or misunderstandings. The agreement should be drafted with the help of a lawyer and should be reviewed by all the co-founders.

to advise clients on the legal implications of the Co-Founder Agreement and to ensure that the agreement complies with all relevant laws and regulations in India.