Tips For Creating A Long-Lasting Partnership Agreement With Your Startup Cofounder

Too Long; Didn't Read

Cofounders often forget that a startup can't exist without an agreement. The worst-case scenario should be discussed the first NOT the last! The most common reason for a partnership to be jeopardized or terminated is the unclear situation regarding who is in charge of the certain line of work and duties. This section can also prevent unfair treatment where one cofounder has to do more work or invest more than other startup partners. The list of obligations and rights assigned to every cofounder is the heart and soul of your startup partnership agreement.