Contract negotiation

How are founders agreements done online?

Ricardo Florez Enthusiastic and high achiever cofounder, bioengineer, molecular biologist, biomedician

July 14th, 2020

Hi,


I would like to know if CofoundersLab has any tool to protect founders when completing founders agreements in the platform? If not, what recommendations could you provide when completing a founders agreement (contract of startup) online? Thank you.

Harrison Soko Cofounder of Malawi Luxury Inc, Be in touch hsoko@malawiluxury.com

July 14th, 2020

I think its highly recommended that you seek legal Counsel before making these decisions and also its a matter of how trust, honest, your partner is. There should be a basic solid trust before making agreements.

Fred Cohen We help grow companies

July 14th, 2020

Pretty much the same way as they are done in person. You come to a meeting of the minds, codify it in writing, agree, the execute an appropriate document using whatever technologies are permitted by the jurisdiction. Many folks use docusign, but a print, sign, scan, send approach also works - via email or paper. If a notary public is required, go find one and use them.

Ricardo Florez Enthusiastic and high achiever cofounder, bioengineer, molecular biologist, biomedician

Last updated on July 17th, 2020

Hi Harrison and Fred,


Thank you for your replies. I would take that into consideration. Is there any platform for establishing founders agreements securely online? Thanks.


Best,

Ricardo