Founders Contract (Start-Up or Business)
This contract between the founders of a business or start-up is used to establish the responsibilities of each party, the evolution of the business or start-up and to prevent conflicts between them. This model founders' agreement helps to clarify the roles, responsibilities, expectations of each founder, and the overall vision for the business.
Scope: the main objectives of the new business / start-up.
Expected development: guidelines for the development of the project.
Contributions: each party's contribution and involvement in the projects, rights and responsibilities, expectations.
Performance: daily management of responsibilities.
Decision making: how important decisions are made.
Specific clauses: what happens when the founders leave the business; clauses regarding the establishment of a future company.
Equity distribution: addresses the distribution of equity among founders. This is a critical aspect, as it defines each founder's ownership stake in the company. It may outline how equity is allocated based on contributions, time commitments, or other factors.
