Founders Agreement
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
This Founders Agreement sets forth the rights and obligations of a company's original founders. It also sets out the name of the company and the role each founder will play in the business.
Instant Download
$19.95
Free eSignature included
File types included
- Microsoft Word
- Adobe PDF
- WordPerfect
- Rich Text Format
Compatible with
- Windows
- Mac OS X
- Linux
For Immediate Download
$19.95
Free eSignature included
with every order
Attorney prepared
Our forms are kept up-to-date and accurate by our lawyers
Valid in your state
Our forms are guaranteed to be valid in your state
Over 3,500,000 satisfied customers
Free eSignature
Sign your form online, free with any form purchase
60-Days Money Back
Try our forms with no risk
25+ Years Trusted
Serving customers since 2001
This Founders Agreement includes the following:
- Founders: Names of all founders of the company who desire to set forth their respective rights and obligations;
- Company Information: Sets forth the capacity that each founder has within the company, its name, purpose and scope;
- Structure: Sets out the registered capital of the company, number of shares and face value of each share;
- Directors: The directors are approved at a founder's meeting which can be convened at any time;
- Liabilities/Obligations: Sets out the specific liabilities and obligations of each founder;
- Dispute Resolution: Sets forth how any disputes between company founders will be resolved;
- Signatures: This agreement must be signed by all founders of the company.
Protect your rights and your company by purchasing this attorney-prepared form.
This attorney-prepared package includes:
- General Information
- Instructions and Checklist
- Founders Agreement
Founders Agreement
Product Details
| Product | Founders Agreement |
| Country | United States |
| Pages | 8 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF WordPerfect Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Founders Agreements |
| Product number | #43613 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
A Founders Agreement is a legal document that outlines the rights, responsibilities, and obligations of the original founders of a company. It serves as a foundational contract that helps prevent disputes and misunderstandings among the founders.
This agreement is crucial because it clearly defines each founder's role, share distribution, and obligations, which can prevent conflicts in the future. It also provides a framework for dispute resolution, making it easier to address any issues that arise.
Yes, a Founders Agreement can be modified if all parties agree to the changes. It is advisable to document any amendments in writing to ensure clarity and legal enforceability.
If a founder breaches the Founders Agreement, the document typically outlines the remedies available, which may include financial penalties, buyout options, or other legal actions to resolve the issue.
Yes, once signed by all founders, the Founders Agreement is legally binding. It is important that all parties fully understand the terms before signing to ensure enforceability.
While it is possible to draft a Founders Agreement without legal assistance, consulting a lawyer is highly recommended. An attorney can ensure that the agreement complies with state laws and adequately protects the interests of all founders.
A Founders Agreement should include the names of the founders, company information, share structure, roles and responsibilities, dispute resolution procedures, and signatures of all founders.
Yes, having a well-drafted Founders Agreement can enhance credibility with potential investors. It shows that the founders have a clear understanding of their roles and the company's structure, which can be reassuring to investors.
Is This Form Right For You?
Use This Form If:
- Individuals who are starting a new business and want to clearly define the roles and responsibilities of each founder will find this Founders Agreement essential. It helps prevent misunderstandings and ensures that everyone is on the same page regarding their contributions and expectations.
- Situations requiring formal documentation of the ownership structure and share distribution among founders can benefit from this agreement. By outlining the share structure, it provides clarity on how equity is divided, which is crucial for future funding and decision-making.
- For those entering into a partnership with multiple founders, this agreement serves as a foundational document that can guide the relationship. It establishes a framework for resolving disputes, which can be invaluable if disagreements arise later on.
- Entrepreneurs looking to protect their intellectual property and business interests should consider this agreement. By detailing the obligations and liabilities of each founder, it safeguards against potential breaches that could harm the company.
- Startups preparing for investment rounds may need this Founders Agreement to present to potential investors. It demonstrates that the founders have a clear understanding of their roles and the company's structure, which can enhance investor confidence.
Do Not Use If:
- – This form is not appropriate for businesses that have already been established without a formal agreement among founders. In such cases, it may be necessary to draft a new agreement that addresses existing relationships and obligations.
- – If there are significant disagreements among the founders regarding their roles or the company's direction, this agreement may not resolve those issues. Mediation or legal intervention might be necessary before drafting a formal agreement.
- – For businesses that are not structured as partnerships or corporations, such as sole proprietorships, a Founders Agreement is unnecessary. Sole proprietors do not have co-founders to outline obligations with.
- – In situations where the founders are not committed to a long-term partnership, such as short-term projects or collaborations, a Founders Agreement may not be suitable. A simpler contract may suffice for temporary arrangements.
- – If the founders are planning to operate in a highly regulated industry, additional legal documents may be required to comply with specific regulations. In such cases, a Founders Agreement alone may not meet all legal requirements.
Related Forms
Investors Rights Agreement
This Investors Rights Agreement will become a part of a Preferred Stock Purchase Agreement. This at...
Shareholder Agreement for Business Corporation
This Shareholder Agreement for Business Corporation will ensure that certain policies are enacted by...
Right of First Refusal & Co-Sale Agreement
This Right of First Refusal and Co-Sale Agreement prevents a major shareholder from selling its shar...
Pre-Incorporation Kit Master
This kit provides tools for determining the details of a corporation’s purpose, structure and type p...
Corporate Bylaws Kit
Corporate Bylaws Kit for use in most states.
S-Corporation Status – Kit
This S-Corporation Status Kit contains important information and guidelines for qualifying your corp...
Looking for something else?
Search our extensive library of legal forms