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What’s a Founder contract (FA)?

 

When a startup company comes into existence, it requires a set of rules between the founders/promoters of that company. “Founder agreement” is a contract which is drawn between the founders/promoters of a enterprise on key problems in regards to their company.

 

Why do we want it?

 

  • to stipulate mutual understanding, duties, rights and tasks of each social gathering to the FA and align their ambitions.

 

  • To keep a record in order to prevent ambiguities in future.

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