What should I include in a co-founder agreement?
An example of an AI chatbot conversation about co-founder agreements and their essential components.
What should I include in a co-founder agreement?
A co-founder agreement should include roles and responsibilities, equity distribution, decision-making processes, and exit strategies.
How do we decide on equity distribution?
Equity distribution can be based on factors like initial investment, time commitment, and the value each founder brings to the table.
What happens if one co-founder wants to leave?
The agreement should outline the process for a co-founder leaving, including buyout terms and how their equity will be handled.
Can we change the agreement later?
Yes, co-founders can amend the agreement, but it's best to document any changes formally and ensure all parties agree.
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