somesh@sschandak.com
Thane | Mumbai | Bangalore
Mon-Sat: 10AM-7PM

Most startup disputes are founder disputes, and most founder disputes trace to things never written down: who owns what, who vests when, what happens when someone leaves with the code. A founder agreement is cheap insurance drafted while everyone still likes each other.

When this service is typically required

  • Two or more founders starting up — what a founder agreement must cover
  • Equity is being split and vesting has not been discussed in writing
  • One founder built the IP before incorporation and assignment is pending
  • An investor term sheet asks whether founder vesting and IP assignment exist

Indicative scope

  • Equity split and vesting schedules (cliff, acceleration, leaver treatment)
  • Roles, decision rights, deadlock and dispute mechanics
  • IP assignment into the company — including pre-incorporation work
  • Exit provisions: transfer restrictions, ROFR, good/bad leaver pricing
  • Alignment with the AoA so the contract and the constitution agree

Key points at a glance

ItemPosition
TimingBest signed at or before incorporation; hardest after the first conflict
VestingInvestor-standard structures typically run 3–4 years with a one-year cliff
IPUnassigned pre-incorporation IP is a classic diligence red flag
FormContract between founders + reflected in the company's articles where needed

Deliverables

The executed founder agreement, IP assignment deeds, a plain-language summary each founder signs off, and AoA amendment drafts where the articles must mirror the deal.

Information and documents generally required

Cap table intentions, founder roles, any pre-incorporation IP inventory, and honest answers to the uncomfortable "what if" questions the drafting asks.

Engagement process

01 · Alignment sessionThe hard questions asked while easy.
02 · DraftTerms turned into enforceable clauses.
03 · Review & signEach founder briefed; execution done.
04 · MirrorAoA/records updated where required.

Client responsibilities, assumptions and reliance

Commercial choices belong to the founders; the engagement makes them explicit and enforceable. Concealed side-arrangements defeat the exercise.

Scope exclusions

Litigation between founders and investor-round documentation (SHA/SSA — supported separately through the funding scope).

Frequently asked questions

We trust each other. Why paper it?

Because the agreement is for the day trust is strained — funding stress, health events, diverging ambitions. Every disputed startup once had founders who trusted each other.

Is reverse vesting really necessary for founders?

Investors will demand it anyway; adopting it early keeps a departing co-founder from walking away with a third of the company for six months' work.

Can this fix a founder who already left?

Departures without paperwork need settlement negotiation, not templates — a separate, honest scoping. The agreement prevents the next one.

Agreement or just good articles?

Both, aligned — the AoA binds the company, the agreement binds the founders, and gaps between them are where disputes live.

Discuss this requirement

The applicable scope, documentation, professional responsibilities and timelines are agreed in an engagement letter before commencement.

Cap Table ManagementESOP ImplementationStartup ValuationRequest a Scope Discussion

This page describes the service in general terms as on 6 August 2026 and is not professional advice or an assurance of any outcome. Registrations, filings, refunds and departmental outcomes depend on facts and the concerned authority. Figures and due dates change; verify current positions before acting.

FEMA calendar alertThe FLA return for FY 2025-26 fell due on 15 July 2026 — companies and LLPs with FDI/ODI that missed it should file with late submission fee before RBI follow-up.FLA return guide →
Key due dates at a glance — FY 2026-27
ComplianceDueNote
FLA return (RBI)15 July (annual)All entities with FDI/ODI on books
FC-GPR30 days from allotmentFor fresh foreign investment
Valuation report (Rule 11UA / FEMA)Before issue price is fixedMethod and valuer depend on route
ESOP: board/valuation/PAS-3 chainEvent-basedPerquisite TDS on exercise
DPIIT recognitionAnytime (before benefits)Needed for 80-IAC and angel-tax relief

Dates as generally applicable on 15 July 2026; extensions/notifications can change them — confirm current dates before relying.

What's Included

  • Equity split and vesting schedules (cliff, acceleration, leaver treatment)
  • Roles, decision rights, deadlock and dispute mechanics
  • IP assignment into the company — including pre-incorporation work
  • Exit provisions: transfer restrictions, ROFR, good/bad leaver pricing
  • Alignment with the AoA so the contract and the constitution agree

Our Process

1
Alignment session

The hard questions asked while easy.

2
Draft

Terms turned into enforceable clauses.

3
Review & sign

Each founder briefed; execution done.

4
Mirror

AoA/records updated where required.

Get Started

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