Do we need a lawyer for a founders' agreement in the pre-launch phase?

質問

I have been in discussions with two possible co-founders and we want to launch a startup. The next couple of months will be dedicated to MVP development and we will work on this besides our current jobs. We have talked about the money each of us would invest in the startup and about how much time each of us can probably commit. Our shares in the startup will not be equal but we have not decided on any numbers yet. At this point do we need to bring in a lawyer for a founders' agreement? It feels early and I was just going to draw up an informal agreement on shares, invested time and money for each of us. Is this acceptable?

回答: 1 公開 & 0 非公開

Adam hirshfield
弁護士

The short answer is no, you don't need to hire a lawyer. You can probably draft a binding contract yourself. Should you do it yourself is another question entirely. An experienced attorney will know which deal points your agreement should contain. It is highly probable that you will leave something important out of an agreement you write yourself. There are also tax consequences in how you structure your agreement that an experienced attorney will address. I have many years under my belt forming companies, as well as an LL.M. in taxation, and I can tell you there are many pitfalls for the uninitiated. When you leave something out of your agreement, you may have to rely on memory when the times comes and everybody will have a different memory of what their deal is. If you are concerned about the cost of hiring an attorney to draft the agreement, let me assure you that it will cost you many times more to fix whatever defects your self-written agreement contains. Doing it right the first time is always cheaper than unf**king it later on. Feel free to contact me if you have any questions.

最近の質問

Do people really steal invention ideas?

I sometimes see questions on forums like Quora about how to stop people stealing your invention i...

4 5386 2
Is interpretation of known historical facts protectable under copyright law?

I am looking for useful sources on protecting copyright. I am in the process of writing a book ba...

3 6115 2
Fair Use and news feeds

What is the current wisdom on compiling news feeds on a third party website so far as copyright i...

1 3962 0
Looking for good patent firm

How to find a good patent firm to help me apply patent in USA

3 4320 2
What constitutes 'prior disclosure'?

This might be a silly question but I’m a bit confused by ‘prior disclosure’ as it applies to pate...

2 4823 1

発明や知的財産について質問はありますか?
既存の質問を検索するか、専門家ディレクトリで専門家に直接お問い合わせ下さい。
(このページでは、新規の公開質問は受け付けておりません。)