Co-founder Agreement
Content
Definition
Co-founder Agreement is a legal document that outlines the relationship among founders, including their roles, ownership, and what happens if someone leaves.
Usage and Context
A Co-founder Agreement is used when starting a business. It helps prevent conflicts by making clear each founder`s role and share.
Frequently asked questions
- What is the founder co-founder agreement? It`s a legal document. It outlines the roles, ownership, and rules for if a founder leaves.
- Can a co-founder be an owner? Yes, co-founders are owners. They have shares in the business.
- Can a co-founder leave? Yes, a co-founder can leave. The agreement covers how this is handled.
Benefits
This agreement avoids conflicts. It makes roles and ownership clear from the start.
Conclusion
A Co-founder Agreement sets clear rules. It helps keep the team on the same page.
