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What is a Founders Agreement?
Founders Agreements are legally binding contracts between the founders of a company that define their roles, rights and obligations as founders of the company. Company founders should consider putting a Founders Agreement in place as soon as possible before company formation to protect themselves.
For use in England and Wales only.
When should I use a Founders Agreement?
Use this Founders Agreement:
when you and up to 4 others are founding or have founded a company
to set out how the company will be owned
to set out each founder’s rights and responsibilities
when you are working on a project (eg technology project) with up to 4 other founders