— You received this message because you subscribe to the “FounderDating” group of Google Groups. To post in this group, send an email to founderdating@googlegroups.com . To unsubscribe from this group, send an email to founderdating+unsubscribe@googlegroups.com . Visit this group in groups.google.com/group/founderdating?hl=en. If one of your co-founders contributes to something other than cash, you all need to find the monetary value of that thing and save it here. They must also determine whether members will continue to contribute capital throughout the life of the business or only during this initial investment. A co-founder`s agreement is an essential document that can save you a lot of trouble, money and confusion. 5. Get a second opinion. But legal opinions are not the only opinions! It may also be a good idea to ask a fellow entrepreneur or even an advisor to take a look at their foundation agreement.

(You can obscure all personal or financial information if you feel more comfortable.) However, termination clauses can certainly be the most stressful subject on which one can decide. What would you want if your co-founder was working with you? What would you like to do if you put the company below average and go down? Or what if someone just wants to leave, for whatever reason? Careful documentation is the key to a secure relationship between the co-founders of a start-up, since the agreement defines the individual roles, responsibilities, rights and liabilities of each co-founder. The advice of a good consultant in India can help co-founders acquire the knowledge and skills needed to develop a robust and watertight foundation agreement. If you`re working to discover this step, read our guide to founders` compensation and our guide to the startup CEO`s salary. This clause mentions how disputes between co-founders should be resolved. The provision also contains the remedy that can be invoked in the event of a breach of the co-founder`s agreement by one of the co-founders. The provision mentions the laws applicable to such disputes as well as the jurisdiction of the Tribunal for the handling of cases. You`re probably starting to see how useful a founder contract can be now, huh? By specifying all these financial details as soon as possible, you avoid serious emergencies that could cause disagreement across the board. The foundation agreement in India must define the mechanism to deal with a situation in which a co-founder withdraws from the company or is removed from the company.