Founder Agreement Adalah: What You Need to Know

When starting a new business, one of the most important steps is creating a founder agreement. A founder agreement is a legal document that outlines the rights and responsibilities of each founder of a company. This agreement is drafted in order to avoid any potential conflicts between the founders that may arise in the future.

A founder agreement involves several key components, including the roles and responsibilities of each founder, the ownership structure of the company, and the distribution of equity among the founders. It also outlines the decision-making process for major business decisions and how disagreements will be resolved.

In Indonesia, founder agreement adalah a common practice among startup founders. It is important to note that the founders should seek legal advice to ensure that the agreement meets the legal requirements in Indonesia. The founders should also ensure that the agreement is executed properly, with all signatures and relevant parties present.

One of the most important aspects of a founder agreement is the roles and responsibilities of each founder. This section should clearly define the responsibilities of each founder, including their duties and obligations within the company. It should also address the amount of time each founder is expected to devote to the business.

Another critical component of a founder agreement is the ownership structure of the company. This section should outline what percentage of the company each founder owns, and how that ownership may change over time. It should also address how new founders may be added to the company and how they will be compensated.

Equity distribution is another key element of a founder agreement. This section should outline how equity shares will be distributed among the founders, based on their contributions to the company. This may include factors such as the amount of money invested, time spent working on the business, and skills and expertise brought to the company.

The decision-making process is also a major component of a founder agreement. This section should outline how major business decisions will be made, including who has the final say in these decisions. It should also address how disagreements will be resolved.

In conclusion, a founder agreement adalah an essential component of starting a business in Indonesia. This document sets the foundation for the company and helps to prevent future conflicts among the founders. It is important to seek legal advice to ensure that the agreement meets all legal requirements and is executed properly. By taking the time to draft a comprehensive founder agreement, founders can help ensure the success of their business.