Topics In Demand
Notification
New

No notification found.

Blog
Need of Founders Agreemnt

August 15, 2017

336

0

In today’s time, every year lots of people are entering into the world of entrepreneurship. Many come because they have some strong ideas and some come as its a very lucrative and fascinating thing. Those who are entrepreneurs, they know the white and black of being an entrepreneur. Being an startup founder myself right after the college, we have faced lot of challenges. A major question arises about Founders agreement. It should be there or not. If yes then when and many other things. A few days back, I along with other startup founders shared our views in an interview with with Times of India and sent the message to upcoming startup founders to think about this crucial thing which we keep aside in the flow of making the product and getting the clients.
class=image-1
Below are few points which we discussed and I would like others to put your thoughts and experiences to help the others.
1) Equity related: Determining the extent of ownership; ESOPs; lock in period; exit of a co-founder – how should his shares be dealt with – purchase by other founders etc? 
2) Determination of designations, roles and responsibilities
3) Non-compete clause
4) Deadlock clause – use of mediation/arbitration
5) Exit provisions 


That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


© Copyright nasscom. All Rights Reserved.