Startup Partnership Agreements

At a time when the internet has everything we need, it might be tempting to download and sign one of the countless creative or partnership agreement templates you can find online. But even if it`s easy, it would also be a mistake. I work with many entrepreneurs and startups, and one of the points I always insist on is the importance of a strong company agreement in cooperation with partners. Before I continue, I would like to say that with regard to a «company agreement», I will speak to facilitate the debate and because limited liability companies (LLCs) are the preferred choice of companies for many entrepreneurs. That being said, the same issues I`m going to discuss here would apply in the same way in a corporate context (where the corresponding documents would be a shareholder/buy-sell contract and the articles of association of the company) or a general/limited liability company (where the corresponding document would be the partnership agreement). What do you do when you are starting a business and you have a very tight budget, not enough money to pay a great business lawyer, to design an in-depth partnership agreement that can be called according to the style, industry or type of unit you have created (for example.B. LLC vs. Corporation), including a founding agreement, a shareholders` agreement, company agreement, company agreement, consultation agreement – for all of us they mean the same thing – your individual agreement with your business partners. A partnership agreement of two or three founders (typical startup context) will cost us 7 to 10 hours of work.

It is an iterative process. We give you and your co-founders questions about the discussion, we work them on in a kick-off, we create a draft founding agreement, record your comments and comments and develop another draft agreement. Sometimes there will be another set of changes and verifications. There are so many different ways to deal with counterparty issues. What we do is almost always very tailored to the company and the wishes of the co-founders.



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