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Founders Agreement
US$499
The Problem
You need a Founders Agreement!
Related challenges include:
- you know a quality document is crucial to deal efficiency
- precedents are available online, but they are of dubious quality and aren’t tailored to your needs
- you have limited budget for external support
- it is the first time you have done this type of deal
Cancel those plans as another unnecessary night of cobbling something together lies ahead. Hopefully it will do…
The GLS Solution
This agreement documents the relationship between the founders of a new business.
This template is well suited for entrepreneurs looking to turn their “good idea” into a real, functioning and professional business.
The single most common form of failure of a start up business is “founder dispute”. As such, having an agreement that aligns the founders, and is clear on who does what, is nothing less than essential.
Like any commercial arrangement, ensuring that both parties clearly understand their respective rights and obligations is key to a successful and productive relationship.
Our founders agreement template is designed by world-class lawyers to be comprehensive, easy to understand and easy to use.
This template covers key issues such as what each founder will contribute to the business, how profits will be shared and how disputes will be resolved.
Bonus Inclusion: This GLS solution is more than just a template - it also includes a 30 minute consult with a legal expert.
See our “Solution Sample” for a detailed sample of what is delivered and for user guidance!
Better, faster, safer, cheaper!
GLS - Law Rewritten
Solution Deliverables
| Instant Delivery: | Your template will be promptly emailed to you and uploaded to your personal account on this GLS Website. |
| World Class Templates: | World class templates, created by world class lawyers with decades of experience at the world’s best law firms. |
| My Account: | Copies of your documents will be saved in your own work space (see "My Account / My Docs" above). |
| Expert Consultation: | A 30 minute consultation with an in-house legal expert to address any issues related to your document solution. |
| Discount Rate: | As a user of this Document Solution you are entitled to a 10% discount on any engagement you enter with GLS Law Firm. |
| Constant Updates: | All our templates are regularly updated to track emerging market practices. |
| Harmonized Library: | Every GLS template is drafted so that it is harmonized with each and every other GLS template - same defined terms, clause ordering, boilerplate provisions, look'n'feel, plain English drafting- meaning that every template you buy will belong to a standard document library set. |
Pricing Comparison
| Big Law Review | US Rate | GLS Cost | Minutes |
|---|---|---|---|
| Partner | $850 | $499 | 35min |
GLS RPLV Legal Operations Score
This solution’s GLS RPLV impact score:
| Resource Status: | Specialist | Repeater | Formative |
| Ease of Implementation: | Complex | Average | Easy |
| Value Demonstration/Visibility: | Low | Medium | High |
| Productivity Leverage Profile: | Low | Medium | High |
| IHL Line Optimisation: | Single | Multiple | All Lines |
IHL Critical Function Optimisation Targets
This solution enhances performance across the following critical in-house functions:
In-House Legal: Critical Functions / Processes
Contracting
Legal Tech
Managed Service
GLS has identified 15 critical in-house processes/functions that are present in every world-class legal department. To learn what these functions are, their composition and how they interrelate to deliver efficient legal team performance outcomes - visit here.
