Founding & Governance

Co-Founders Agreement (Simple)

A lighter-weight founders' agreement for an early, informal partnership β€” before an LLP or company structure is in place.

  • Roles, responsibilities, and equity split clearly documented
  • Basic vesting terms without full LLP-specific mechanics
  • IP assignment for work created during the collaboration
  • A starting point before formal incorporation, not a replacement for it
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βœ“ Main agreement (PDF)
βœ“ Roles and equity split schedule
βœ“ Verification Passport (below)
Who this is for

Founders working together informally

Two or more people building something together before formal incorporation, wanting basic terms in writing early.

Very early-stage teams

Founders who aren't ready for the full complexity of an LLP or Shareholders' Agreement yet, but need more than a handshake.

Verification passport

What we actually checked, and when.

Live verification record CO-FOUNDERS AGREEMENT (SIMPLE)
Researched and verified by Rakesh Jaiswar, LLB student, Mumbai
Basic partnership/collaboration principles
Indian Contract Act, 1872 Β· checked 2 Sep 2026
βœ“ VERIFIED
IP assignment, non-lapse for non-exercise
Copyright Act, 1957, Sec 17(b), 19(4)
βœ“ VERIFIED
Transition path to formal structure
General principle β€” this document should be superseded once you incorporate
βœ“ VERIFIED
This is a genuine starting point, not a permanent substitute for the Co-Founders Agreement (LLP) or Shareholders' Agreement once you formally incorporate β€” plan to upgrade to the fuller document once your legal structure is in place.
Before you sign this document:
1. Update the jurisdiction. This template is drafted with placeholder city/state fields β€” replace them with your own business's actual location, not any example city shown in the document.
2. Print on valid stamp paper. This PDF is a drafting template, not an executable legal document on its own. Under the Indian Stamp Act, most agreements need to be printed on physical stamp paper (or e-stamped) of the correct value for your state before signing β€” an unstamped agreement may be inadmissible as evidence until the deficiency is paid. Confirm the correct stamp duty and process for your state before execution.
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