{"id":815,"date":"2024-07-17T08:13:30","date_gmt":"2024-07-17T08:13:30","guid":{"rendered":"https:\/\/easeyourtask.com\/blog\/?p=815"},"modified":"2024-08-07T11:06:27","modified_gmt":"2024-08-07T11:06:27","slug":"co-founders-agreement","status":"publish","type":"post","link":"https:\/\/easeyourtask.com\/blog\/co-founders-agreement\/","title":{"rendered":"Co-Founders Agreement"},"content":{"rendered":"\n

Case Facts:<\/h2>\n\n\n\n

Three Clients being Promoters intend to set up a Company to develop Software-
as-a-Service (Saas) Product for streamlining project management for small and medium sized business. They are already in a stage of incorporating their
company called \u201cTechsolutions\u201d and want to legally document all the
formalities<\/p>\n\n\n\n

Queries \/ Requirements from the Clients:<\/h2>\n\n\n\n

Query 1: The Purpose of drafting a Co-Founders Agreement?<\/h3>\n\n\n\n

My Opinion \/ Reply:<\/em><\/h4>\n\n\n\n

When two or more individual who are founders of a business and propose to
formerly set it up, they would do so by forming a Company and enter into an
Agreement amongst themselves with an intention that the said Agreement
would govern the relationship between the founders, their roles and
responsibilities with respect to the growth and operation of the company, in
accordance with terms and conditions set out in the Agreement.<\/p>\n\n\n\n

Query 2: What are the three major aspects of the Founders’ relationship that
must be formally documented in the agreement especially in the context of a
startup?<\/h2>\n\n\n\n

My Opinion \/ Reply:<\/em><\/h3>\n\n\n\n

Three major facets of Founders’ relationship that must be formally
documented in the agreement particularly in case of a startup:<\/p>\n\n\n\n