A Founder Agreement is an official document that sets out the terms and conditions of the relationship between a company’s founders. It usually outlines the responsibilities and rights of each founder, the roles they will have within the business and how any disputes will be addressed. It also covers topics such as ownership and control of the company, equity distribution, intellectual property and vesting schedules. The agreement should be tailored to the specific needs of a business, providing clear and enforceable protections for all parties involved. By signing the document, the founders are legally bound to its provisions.