Before starting with Founders Agreement Essentials — a foundational document among co-founders that clarifies equity, roles, and what happens if a founder exits — it helps to have everything ready in advance. Here's the checklist relevant to co-founders starting a business together, ideally before or shortly after incorporation.
The Checklist
✓ Equity split and vesting schedule among founders
✓ Roles and responsibilities of each founder clearly defined
✓ Decision-making process for key business matters
✓ Exit and buyback provisions if a founder leaves
✓ IP assignment clause ensuring all IP belongs to the company
✓ Dispute resolution mechanism among founders
Why Preparation Matters
Missing or incomplete documentation is one of the most common reasons applications get delayed with general contract law principles applied to founder relationships. Having this list ready before you begin can meaningfully speed up the process.
Once You Have Everything Ready
- Discuss and align on equity, roles, and vesting openly
- Draft a founders agreement covering these key areas
- Include clear exit and IP assignment provisions
- Review and update the agreement as the business evolves
Need Help With This?
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