Document background
The Founders Collaboration Agreement is a crucial document for entrepreneurs establishing a business venture in Singapore. It is typically used at the early stages of company formation when two or more founders come together to start a business. The agreement addresses critical aspects such as equity distribution, vesting schedules, roles and responsibilities, decision-making processes, and intellectual property rights. Under Singapore law, this agreement provides legal protection and clarity for all parties involved, helping to prevent future disputes and ensuring smooth business operations. It should be drafted in compliance with the Singapore Companies Act and other relevant legislation, making it particularly important for startups and new ventures seeking to establish a solid legal foundation.
