oboloo Glossary

Founders Agreement

oboloo Glossary

Founders Agreement

A Founders Agreement is a legally binding document that sets out the expectations, roles, and rights of the founders of a business. It is an essential document for any business, regardless of its size or stage of development. It helps ensure that all founders are on the same page in terms of their objectives, motivations, and commitments to each other and to the company. By articulating these details in a clearly written agreement, both founding partners can move forward with confidence knowing their rights and responsibilities are clearly defined. Founders Agreements provide a foundation upon which all future decisions regarding operations, partnerships, monetization, and exit strategies can be made.