Do I Really Need a Co-Founders’ Agreement for My Startup? 🧑🤝🧑📃⚠️
“Sir, my best friend and I started a startup together. We trust each other — do we really need a Co-Founder’s Agreement?” 🥲💼
Ah, the famous last words before Startup Season 1: The Fallout begins! 😅
Friendship is emotional, but startups are legal entities — and trust without paperwork is like chai without sugar... risky & bitter! ☕🚫📉
📘 Short Answer:
YES — every startup with two or more founders must have a Co-Founders' Agreement. It’s not just good practice, it’s your startup insurance.
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📌 What Does a Co-Founders’ Agreement Cover?
✅ Equity split – Who gets how much % of the pie? 🥧
✅ Roles & responsibilities – Who does what? CEO or chaiwala? 😆
✅ Decision-making process – Democracy, dictatorship or rock-paper-scissors? 🤔
✅ Exit rules – What if someone quits mid-journey? 🚪
✅ IP ownership – Who owns the app, code, or brand? 💻
✅ Vesting schedules – Earn your shares over time 🕒
🧾 Without this, your startup is legally unstable — even if your pitch deck is fire! 🔥📊
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👨⚖️ Benefits of Having One:
Prevents ugly legal fights
Helps with investor due diligence ✅
Protects your ownership & effort 💪
Shows maturity to accelerators & VCs 💼
💡 Pro Tip: Don’t use Google Docs or WhatsApp promises — get a real legal doc, drafted by experts. A handshake deal is not legally binding! 🤝🚫
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🤣 Founders be like:
“We’ll sort it out later bro!”
6 months later – “He took the idea and ran to Dubai!” 🏃♂️✈️
Don’t let your startup turn into a courtroom series on Netflix! 🎬⚖️
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📣 Need help drafting a solid, bulletproof Co-Founders’ Agreement?
LEXIS AND COMPANY helps startups build strong legal foundations — without killing the vibe! 😎📄
📞 For co-founder legal docs, investor-ready compliance, or startup structuring,
Call: +91-9051112233
🌐 Website: https://www.lexcliq.com