Let’s talk about conflict management between co-founders in a startup.
Have you been wondering, just how do I prevent my startup from pulling apart at the seams due to conflict?
Here’s your answer;
As a startup, there are legal agreements you shouldn’t do without, these agreements help to cushion the effect of differences in opinion between you and other co-founders
1. A co-founders agreement: this goes without saying, don’t ever kickoff operations as a startup without a co-founders agreement. I tell you for free, a co-founders agreement basically helps to define the expectations for each co-founder, outlines the procedure of equity vesting, defines exit terms, and even includes options for conflict resolution.
2. Intellectual Property agreement: You want to kickstart operations without an IP agreement? If I hear
A well-drafted IP agreement not only helps to establish ownership of intellectual property, it also prevents needless disputes between co-founders in a startup.
3. Funding and financial support agreement: this is important if you are looking to receive external funding. This agreement helps to define where you seek funding and the options the startup may explore. A funding and financial support agreement eliminates the need for squabble over funding options thereby reducing the likelihood of conflict.
As a startup, do you want to manage conflict effectively without going at each other’s throats? Contact us now on 07066990315