What is Co-Founders’ Agreement?

Document addressing relationship among startup founders by defining their rights and responsibilities. Originally published here. cofounder shareholder promoter agreement for startups company investment Why is Co-Founders’ Agreement required? To avoid legal pitfalls during early stages of startup and ensure proper understanding between cofounders, thereby reducing risk of disputes and misunderstandings. Startup Co-Founders Agreement – Equity Ownership, Investments, Responsibilities, Vesting, Shareholding, Stock Options, Share Transfer and Exit of Founders from Rahul Dev Key Clauses of CoFounders Agreement Roles and responsibilities Shareholding pattern, Vesting & Lock-in period Future Stock Options Issuance of new shares Transfer of shares – restrictions and procedure Decision making process for startup operations Possible exit strategy for each cofounder or shareholder Drafting Cofounders Agreement A general list of understanding between startup founders is prerequisite before drafting agreement. Noting main points on company’s letterhead can be a good start. Engaging startup company lawyer to formally draft the agreement is strongly advisable. Rahul Dev, Partner at the law firm of Tech Corp Legal LLP, is a patent attorney and international technology business lawyer. Dev’s corporate law practice is aimed at integrating patents, technology laws, intellectual property rights, regulatory and security laws to provide services to Tech companies. Patent Drafting Resources Patent Drafting and Writing Strong Patent Applications for Creating & Protecting Inventions Patent Application Writing Guide | Ultimate Cheat Sheet for Drafting Software Patents and Mobile App Patents Patents in MedTech – Online Healthcare & Medical Practice Management Patent Research & Analytics | Where Patent Analytics Are Headed – Harnessing Power of Patent Analytics for Patent Strategy Frequently asked questions (FAQs) | Drafting and Writing Provisional & Non-Provisional Patent Applications (Specifications) How and Why are Patents Important for Technology Companies & Startups In Asia? How can Patent Search help in determining Patentability of Invention? What is the meaning of Patent Pending Status? What are advantages of Filing a Provisional Patent Application? What is a Provisional Patent Application? About Us – Indian Patent Law Firm We, at Tech Corp Legal LLP, an Indian law firm serving global clients and patent attorneys worldwide, provide quality patent drafting services to inventors. Along with patent support services provided by GIP Research, we offer top quality patent specification drafting services including enforceable patent claims and high quality patent illustrations. Our team of patent attorneys and technical patent experts has comprehensive experience in executing projects pertaining to international patent drafting, patent drafting services, drafting patent claims and patent applications, software and mobile app patents, provisional and non-provisional patents, patent searches, office action responses, etc. *************************************** Rahul Dev is a Patent Attorney & International Business Lawyer practicing Technology & Corporate Laws. He is reachable at info (at) techcorplegal (dot) com & @rdpatentlawyer on Twitter Discuss your Queries https://clarity.fm/assets/widget_loader.jsFrequently asked questions – Patents, Technology & Internet Laws *************************************** To get in touch with us, please click here. View our presentations here. About the Author: Rahul Dev Engagements: Contractual Consulting, Hourly, Project Based Contact Mode: LinkedIn or directly message here Schedule a Consultation Now This is not a legal advice: Disclaimer, Non-Solicitation & Liability Patent Basics and Intellectual Property Rights from Rahul Dev IPR Protection for Hardware Startups – Patents, Trademarks, Copyrights and Designs from Rahul Dev How to Hire a Startup Lawyer – Ultimate Guide to Understand Startup Laws from Rahul Dev Important Website Terms of Use & Legal Disclaimers for Online Business Models and Mobile Apps Download free ebook for “Drafting Website Terms and Conditions – Important Legal Considerations”:http://app.getresponse.com/view_webform.js?wid=9764902&u=SkJ5Add to Flipboard Magazine.https://cdn.flipboard.com/web/buttons/js/flbuttons.min.js