What Are the Essential Clauses to Include in a Founders' Agreement for Your Startup? π€π When launching a startup, having a Founders' Agreement is essential to set clear expectations, roles, and responsibilities among co-founders. It helps in avoiding conflicts and ensures that everyone is on the same page from the get-go. But what exactly should be included in a Founders' Agreement? Let’s break it down! ππΌ ✅ What is a Founders' Agreement? #FoundersAgreement #StartupSuccess #BusinessPartnership π¨ A Founders' Agreement is a legal document that outlines the roles, responsibilities, and rights of each founder in the startup. ✅π π It covers key areas such as: ✔️ Equity ownership – How shares are divided among founders based on contributions. ππ΅ ✔️ Roles and responsibilities – What each founder will be responsible for in the business. πΌπ§ ✔️ Decision-making – How major decisions will be made, and what requires unanimous consent. π³️⚖️ ✔️ Intellectual pr...
What Is a Partnership Deed and Why Is It Crucial for Your Business in India? π€π’ Starting a business with a partner? Whether it's a small family business or a corporate venture , having a Partnership Deed is essential for the smooth operation of your partnership. Let’s dive into why every business partnership needs a Partnership Deed and what it should include! π π What Is a Partnership Deed? π‘ A Partnership Deed is a legal document that outlines the terms and conditions under which a business partnership operates. It details each partner's rights, duties, and share in the partnership, ensuring a clear framework for the business relationship. π’ π Key Features of a Partnership Deed: Business Name and Purpose – Specifies the official name of the business and its objectives or purpose. π Capital Contribution – Details how much capital each partner is contributing and the share of profits or losses for each. π° Decision-Making – Outlines how decisions will be made...