Document background
The Company Founders Agreement is a crucial document required when two or more individuals or entities come together to establish a company in Nigeria. It serves as the fundamental contract that governs the relationship between founders, establishing clear guidelines for company ownership, management, and operations. This agreement is particularly important in the Nigerian business context, where it must comply with the Companies and Allied Matters Act (CAMA) 2020 and other relevant local legislation. The document typically addresses key aspects such as equity distribution, roles and responsibilities, decision-making processes, intellectual property rights, and exit provisions. It provides essential protection for all founding members and helps prevent future disputes by clearly documenting all agreed-upon terms at the company's inception.
