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FOUNDERS AGREEMENT is a free, ready-to-use Contract law template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
Reach for this Contract law template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with India in mind, though you should always review the final wording against the laws that apply to you.
A well-drafted Contract law usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.
Updated 15 July 2026
A founders' agreement for an early-stage private company in India, governing the relationship between co-founders. It sets out founder roles and responsibilities, board composition and reserved matters requiring unanimous founder consent, existing shareholding, vesting of founder shares over three years (with acceleration on a change of control), share-transfer restrictions (right of first offer and tag-along rights), bank-operation limits, confidentiality, non-competition (while a shareholder) and non-solicitation, assignment of inventions and IP to the company, and the treatment of a founder's shares on exit — voluntary, for cause, or on death/disability — together with standard boilerplate (governing law: India; arbitration; jurisdiction: Bangalore).