Frequently asked Questions
A Co-founder Agreement is a legal document outlining roles, equity ownership, IP protection, and dispute resolution for startup cofounders, per Indian Contract Act, 1872.
It clarifies roles, secures equity, protects IP, and ensures Companies Act compliance, reducing conflicts and boosting investor confidence.
Roles, equity splits, vesting schedules, IP assignment, decision-making protocols, and arbitration clauses for dispute resolution.
Yes, when stamped per Stamp Act, 1899, and executed, it’s enforceable under the Indian Contract Act, 1872.
Yes, stamp duty under Stamp Act, 1899, varies by state to ensure legal enforceability of the agreement.
IP assignment clauses transfer trademarks, patents, and trade secrets to the company, safeguarding startup assets.
Equity splits are based on contributions, roles, and vesting terms, ensuring fairness and Companies Act compliance.
Yes, via mutual consent and a supplementary agreement, stamped per Stamp Act, 1899, to reflect changes.
Vesting and exit clauses outline equity clawbacks or transfers, ensuring fair handling per agreed terms.
Novam Legal crafts customized agreements with Companies Act-compliant equity and IP clauses, tailored to your startup’s needs.
Customized agreements address unique startup dynamics, reducing legal risks compared to generic templates.
It signals strong governance with clear equity and IP terms, attracting investors for funding rounds.
