Founder Agreement

An official contract that is signed by all of a company's co-founders is known as a Founders' Agreement. This document details every duty, ownership, and initial investment assumed by each of the company's founders. A founders' agreement should be made when a business is incorporated because it will specify each founder's co-duties and responsibilities. An agreement is signed at the moment of incorporation to eliminate any potential future uncertainty in the business. Giving each co-founder a distinct position and responsibility for the advancement of the business also establishes their expectations and ambitions.