Founders agreement

Everything You Need To Know About- Founders Agreement Pune, Co Founders agreement Pune and Startup Founder Agreement In Pune .

Founders Agreement Pune

Just like Shareholders of a company need an agreement that lays down the terms and conditions of their relationship and what to do in various scenarios, the Founders or the Owners of a company also need an agreement that serves as a guiding document for them.

Everyone wants to be safe in the case of uncertainties in business. To avoid disputes that arise out of these uncertainties there exists a Founders Agreement which lays down the roles and responsibilities of each founder, or what their outtake would be in case they want to leave or if the business is terminated. Basically, a Founders Agreement is a document that lays down the outcome of uncertainties in business before such events happen.

Some interesting details about Pune

PUNE : It is the second largest Indian state in Maharashtra which was earlier spelt as Poona. It  attracts many tourist as it consist of various tourist places like  Aga Khan palace, Shaniwar Wada ,Raja Dinker Kelkar Museum, Rajiv Gandhi Zoological Park etc. It is also one of the largest center for learning  Japanese. It is a place that attracts lots of students as it is the hub of big academics institutions like Savitri Bhai Phule University , it has many central government universities like The National Defence Academy , The Armed Forces Medical College and The film And Television Institute Of India.

Reasons why Founders Agreement Pune , Co Founders agreement Pune and Startup Founder Agreement In Pune is Important.

• The very first and foremost reason is that it lays down the roles and responsibilities of the Directors or any member concerned in the Founders Agreement. This helps in quick decision making.
• The Founders Agreement lays down the share of each member in the company ( the equity or shareholding in the company), so that there is no dispute in distributing the profits when the time comes.
• It also provides an exit strategy and procedure in case someone wants to leave that particular business concern.
• In the course of business there might be situations wherein certain steps are required to be taken for example, in case of too many offers flooding in or in case of bankruptcy, the course of these steps that need to be taken are laid out in the Founders Agreement itself.
• It helps keep in check the assets of the business concern like Intellectual Property and its transfer.

Therefore, it is essential to make a Founders Agreement to have a smooth functioning of the business.

Process of making a Founders Agreement.

Before making a Founders Agreement yourself it is always essential to consult someone. CompanyVakil.com is the site that helps you with all the queries related to making and implementing the Founders Agreement Pune , Co Founders agreement Pune and Startup Founder Agreement In Pune .

The steps for the same are given below:

❖      The first step is to list down all the issues such as Exit plan, Equity holding, Intellectual Property etc.

❖      The second step is to find a template of the desired format of the Founders Agreement Pune that suits your needs the best.

❖      The third step involves filling in the details like Names of Directors, Company Name and basic information. This should be followed by filling in the important and more complex information like Termination Clause, Transfer Conditions.

❖      The fourth step involves consulting people to see if the Founders Agreement is lacking. The first person to consult is an entrepreneur and find out if the Agreement served a purpose and if such purpose is being fulfilled in this particular case or not. Another person to consult is a Lawyer, who will find legal loopholes or absent clauses in the current sample of the Agreement.

The conclusive step of making a Founders Agreement Pune, Co Founders agreement Pune and Startup Founder Agreement In Pune .

is the signature of all the requisite members of the Company.