A Founders Agreement is a legal document created to define the roles, responsibilities, and ownership of a startup business. It outlines how decisions are made, how profits and losses are shared, and how business operations will function. This agreement can be used as a roadmap when working together with co-founders, investors, and other shareholders. By spelling out the expectations of all involved parties, it helps promote trust and accountability throughout the entire organization. The agreement also serves to protect each party’s interests, outlining the roles and duties of each person/entity in clear detail. By laying everything out on paper, it ensures everyone is on the same page and that your business has the best chance for success.