Avoiding legal pain in startups
We are continuing to describe how to make a proper Founders agreement using, as an example, agreement that we’ve prepared and signed in Staply. If you just joined us, this is a series of articles for startup founders, who wish to implement a basic legal protection for their startup. I know very few startups, that had any legal protection, especially on the initial stages of the company. If you don’t want to do any kind of legal activities without a lawyer, these articles can be used as a prep material for the discussion with a lawyer or attorney.
In the previous parts of the Founders Agreement line-by-line guide I’ve described preamble part and started to describe the agreement part. I’ve already covered topics related to responsibilities of the CEO (Chief Executive Officer), COO (Chief Operating Officer), making amendments to the agreement and intellectual property.
In this article...
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