Should we think about exit clauses in our founders agreement?

Hi,

This question begs many unanswered questions. It almost sound like you have a general partnership? Anyhow, legal entities, whether formally formed, or informal formed, have default rules. Default rules that apply such as what happens when the entity dissolves or a partner (etc) wants to leave. If you want to control events, then as Nischal says, its a very good idea to have the rules outlined. You may be surprised what the default rules for your state are.

Hope this helps,
Mary