Founders Agreement Template Indonesia

If you`re starting a business in Indonesia, it`s essential to have a founders agreement in place. This legal document outlines the roles, responsibilities, rights, and obligations of the co-founders. It also sets out the terms of the partnership, such as equity allocation, profit distribution, decision-making, and dispute resolution.

A founders agreement is critical for any startup, as it ensures that all parties are on the same page and can avoid conflicts down the line. It also provides a roadmap for the business, outlining the goals and objectives and how they will be achieved.

To help you get started, we`ve put together this founders agreement template for Indonesia. You can use this template as a starting point and customize it to your specific needs and requirements.

1. Introduction

This section should introduce the founders, their roles in the business, and the purpose of the agreement.

2. Equity

This section outlines how the equity in the company will be allocated among the co-founders. It should specify the percentage of ownership each founder will have and any conditions or restrictions on equity transfers.

3. Roles and Responsibilities

This section should detail the roles and responsibilities of each founder in the business. It should also outline how decisions will be made, the decision-making process, and any veto rights.

4. Compensation and Profit Distribution

This section should specify how the profits and losses of the business will be distributed among the co-founders. It should also outline any salary or compensation that the founders will receive.

5. Intellectual Property

This section should address any intellectual property issues, such as trademarks, patents, and copyrights. It should specify who owns the intellectual property and how it will be licensed or transferred.

6. Confidentiality and Non-Disclosure

This section should outline any confidentiality or non-disclosure agreements between the founders. It should specify how confidential information will be protected and how breaches will be handled.

7. Termination and Dissolution

This section should specify how the partnership can be terminated or dissolved, and the process for doing so.

8. Dispute Resolution

This section should outline how any disputes between the co-founders will be resolved, and the process for doing so.

Conclusion

A founders agreement is an essential legal document for any startup in Indonesia. It sets out the terms of the partnership and can help avoid conflicts down the line. While this template provides a starting point, it`s important to consult with a lawyer to ensure that your agreement is comprehensive and legally binding.


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