Co-founders Agreement

(3 customer reviews)

Co-founders Agreement

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₹12,999.00

Product price: ₹12,999.00
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Co-founders Agreement

(3 customer reviews)

Entrepreneur or Co-Entrepreneur Agreement

A co-founder agreement is a formal contract between the co-founders of a company, detailing the terms and conditions governing their collaborative relationship. It delineates the ownership, management, and respective responsibilities of each co-founder. This agreement addresses crucial issues including equity distribution, decision-making authority, and resolutions for future equity matters. Its purpose is to align all co-founders’ expectations, mitigate conflicts, and prevent misunderstandings as the company progresses.

 

Elements of a Founder’s Agreement

The Founder’s Agreement encompasses:

  1. Definition of the business.
  2. Future business structure considerations.
  3. Ownership of Intellectual Property Rights (e.g., copyright, patent, trademark).
  4. Distribution of ownership stakes among the parties.
  5. Allocated roles and responsibilities for each party.
  6. Decision-making and voting procedures.
  7. Performance criteria and procedures for terminating parties.
  8. Rights of parties to exit the business.
  9. Mechanisms for resolving disputes.

 

Legal Framework for Founder’s Agreements in India

Laws Governing Various Aspects of Founder’s Agreements in India:

  1. The Indian Contract Act, 1872
  2. Arbitration and Conciliation Act, 1996
  3. The Foreign Exchange Management Act, 1999
  4. Companies Act, 2013
  5.  Indian Partnership Act, 1932
  6. Limited Liability Partnership Act, 2008

MyLawPoint for property document verification was 100% worth it. Initially, I hired a lawyer for bank loan document processing but was disappointed with their professionalism. MyLawPoint connected me with an expert advocate who articulated all possible pitfalls in purchasing the property (DC Survey 66/1 Chikkanagamangala) from Reliaable Developer. Their detailed legal report helped me avoid a potential loss of 80 lakhs. I'm grateful for MyLawPoint's excellent coordination and swift document collection. Thank you to their team for saving me from a risky investment.

Govind

I purchased a flat in Hyderabad, but the builder delayed possession beyond the committed date. This caused significant financial strain as I was paying high EMIs and rent, leaving me with no money at month-end. Feeling stressed and helpless, I discovered MyLawPoint. Their Property Expert Lawyer suggested sending a legal notice to the builder and appealing to RERA for the delayed possession. Thanks to their guidance, I received compensation from the builder for the delay and finally gained possession of my flat. MyLawPoint's support was invaluable in resolving this effectively.

Malani

I had an exceptional experience with MyLawPoint. Their support throughout the entire process, from Property Paper Verification to the Sale Deed Registration, was truly comprehensive and invaluable. The level of service they provided exceeded my expectations, and I am highly satisfied with the outcome. Their dedication to keeping me informed with timely updates at every step of the way further showcased their professionalism and commitment to client satisfaction. I wholeheartedly recommend MyLawPoint to anyone in need of legal support for their property transactions.

Gerald Gilbert

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Frequently Asked Question

Is Stamp Duty included in MyLawPoint's fee?

No, stamp duty is not included in MyLawPoint's fee. It should be paid separately, and our lawyers will assist you in procuring it.

How long does it take to register the property?

The time taken for property registration varies based on the sub-registrar office and property registration flow. Typically, after document submission to MyLawPoint, expect 3-7 days for lawyer-assisted property appointments with the local sub-registrar office.

Do I need to be present at the Sub Registrar Office?

Yes, while MyLawPoint handles appointments and formalities, your presence at the sub registrar’s office is required on the day of registration appointment.

Can an Agreement to Sell be cancelled?

Yes, an Agreement to Sell can be cancelled through mutual consent or if a condition in the contract permits cancellation. However, penalties or consequences may be specified in the agreement for cancellation.

Co-founders Agreement

On Sale
(3 customer reviews)

A co-founder agreement is a formal contract between the individuals who establish a company, delineating the terms and conditions of their collaboration, as well as specifying the ownership, management, and other duties of each co-founder. It addresses critical matters such as the distribution of equity, authority in decision-making, and considerations regarding future equity allocations. The primary objective is to establish mutual understanding among all co-founders, minimize potential conflicts, and mitigate misunderstandings as the company progresses.

Entrepreneur or Co-Entrepreneur Agreement

A co-founder agreement is a formal contract between the co-founders of a company, detailing the terms and conditions governing their collaborative relationship. It delineates the ownership, management, and respective responsibilities of each co-founder. This agreement addresses crucial issues including equity distribution, decision-making authority, and resolutions for future equity matters. Its purpose is to align all co-founders’ expectations, mitigate conflicts, and prevent misunderstandings as the company progresses.

 

Elements of a Founder’s Agreement

The Founder’s Agreement encompasses:

  1. Definition of the business.
  2. Future business structure considerations.
  3. Ownership of Intellectual Property Rights (e.g., copyright, patent, trademark).
  4. Distribution of ownership stakes among the parties.
  5. Allocated roles and responsibilities for each party.
  6. Decision-making and voting procedures.
  7. Performance criteria and procedures for terminating parties.
  8. Rights of parties to exit the business.
  9. Mechanisms for resolving disputes.

 

Legal Framework for Founder’s Agreements in India

Laws Governing Various Aspects of Founder’s Agreements in India:

  1. The Indian Contract Act, 1872
  2. Arbitration and Conciliation Act, 1996
  3. The Foreign Exchange Management Act, 1999
  4. Companies Act, 2013
  5.  Indian Partnership Act, 1932
  6. Limited Liability Partnership Act, 2008

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₹12,999.00

Product price: ₹12,999.00
Total options:
Order total: