What Should Be Included in a Co-Founder Agreement Before Starting a Business?" 🧐📄 #CoFounderAgreement #StartupLawIndia #FoundersAgreement #LegalContractsIndia #BusinessPartners 🎯 One of the most underrated yet most crucial startup questions is: “Do I really need a co-founder agreement if we are best friends or family?” 🙈 Well… even the best friends need boundaries in business — because chai pe charcha won’t help in court! ☕🧑⚖️ ✅ Short Answer: Yes! A Co-Founder Agreement is not just a formality — it's your startup’s legal safety net . 🎯 Without it, your million-dollar idea might crash before take-off. 💥🚀 📌 Must-Have Clauses in a Co-Founder Agreement: 🔹 Roles & Responsibilities 🧑💻 🔹 Equity Distribution 💰 🔹 Decision-Making Process ⚖️ 🔹 Exit Clauses & Buyback Rights 🚪 🔹 Confidentiality & Non-Compete Terms 🤐 🔹 Conflict Resolution Mechanism 🛑 🔹 Intellectual Property Ownership 💡 #StartupChecklist #FoundersContract #EquitySha...
Decoding the Types of Contracts in India 📜🔍 Contracts form the backbone of business transactions, yet their various types can often be perplexing. Let's simplify these classifications under the Indian Contract Act, 1872. Common Client Query: What are the different types of contracts recognized under Indian law? 🤔 Answer: Contracts in India are categorized based on: Formation: Express Contracts: Terms are clearly stated, either orally or in writing. 🗣️📝 Implied Contracts: Established through the actions or conduct of the parties. 🤝 Performance: Executed Contracts: Both parties have fulfilled their obligations. ✅ Executory Contracts: Obligations are pending for one or both parties. ⏳ Enforceability: Valid Contracts: Legally binding and enforceable. 🏛️ Void Contracts: Not enforceable by law. 🚫 Voidable Contracts: Enforceable at the discretion of one party. ⚖️ Benefits of Understanding These Classifications: Risk Management: Identify ...