Nowadays, many people, especially young people, dream of owning and building their own business or company, especially those that are digital or online-based. Therefore, there are now a lot of startup businesses that are generally initiated by young entrepreneurs. Usually startups are founded by more than one person, so to minimize disputes that can lead to business failure, it is necessary to make a founders agreement. A founders agreement is an agreement or contract that contains rules regarding the cooperative relationship between two or more owners to run a business together (even though it is not yet an official company). The founders agreement regulates the rights and obligations of all founders involved, capital contributions, roles and responsibilities of each party. The founding agreement should be made before the business starts so that it becomes a guide for the founders in running the business together, and if there are differences of opinion in the future, there is already a way to resolve it.
Important clauses in the founding agreement
For more details, here are some important points that should be in the founder’s agreement: Roles and responsibilitiesHaveeach person have different responsibilities and roles, so that there is no overlapping authority in running the business, thus minimizing disputes. Capital contribution and profit sharingCapital contributionshould be included in the founders’ agreement, as it will determine the amount of profit earned by each founder. Intellectual property rights (IPR)Ensure that the products being developed by the company (e.g. apps or websites) are jointly owned, not privately owned. Business targetsThis pointmust be included in the founders agreement, as a reference for decision-making or taking action when the business reaches certain targets.Well, if you are planning to establish a startup or any type of business, kontrakhukum.com can help you create a founders agreement according to your needs, of course at a very affordable price.
