Founders Agreement (Expanded)

EXPANDED FOUNDERS AGREEMENT This Comprehensive Founders Agreement ("Agreement") is executed on [DATE] at [CITY] by and between: 1. [FOUNDER_1_NAME], residing at [ADDRESS_1] (hereinafter called "Founder 1"); and 2. [FOUNDER_2_NAME], residing at [ADDRESS_2] (hereinafter called "Founder 2"). (collectively referred to as the "Founders"). 1. COMPANY AND OBJECTIVES. The Founders have agreed to establish a company under the name "[COMPANY_NAME]" for the purpose of [BUSINESS_DESCRIPTION]. 2. EQUITY OWNERSHIP. The initial equity shareholding shall be: - Founder 1: [PERCENTAGE_1]% - Founder 2: [PERCENTAGE_2]% 3. VESTING SCHEDULE. All equity shares are subject to a [VESTING_YEARS]-year vesting schedule with a [CLIFF_MONTHS]-month cliff period. Upon the cliff period, shares shall vest monthly pro-rata. If a Founder departs before cliff completion, unvested shares revert to the Company. 4. ROLES AND RESPONSIBILITIES. - Founder 1 shall serve as [ROLE] with responsibility for [AREAS]. - Founder 2 shall serve as [ROLE] with responsibility for [AREAS]. 5. CAPITAL CONTRIBUTION. The Founders shall contribute initial capital as follows: - Founder 1: ₹[AMOUNT_1] - Founder 2: ₹[AMOUNT_2] 6. INTELLECTUAL PROPERTY. All intellectual property, inventions, code, designs, and materials created by the Founders in relation to the Company's business shall be assigned to the Company. 7. NON-COMPETE AND NON-SOLICIT. For [YEARS] years after departure, Founders shall not compete with the Company or solicit employees and customers. 8. DECISION MAKING. Major decisions require unanimous consent of Founders. Day-to-day operational decisions may be made by the responsible Founder. 9. INVESTOR RIGHTS. Future investors may require modifications to this agreement, including anti-dilution provisions and board seats. 10. DISPUTE RESOLUTION. Disputes shall be resolved through [MECHANISM: arbitration/mediation/court]. [FOUNDER_1_NAME] Signature: ______________________ [FOUNDER_2_NAME] Signature: ______________________