Document background
The Pre-Incorporation Founders Agreement is essential for Australian entrepreneurs and business founders who are in the process of establishing a new company but need to formalize their relationship before official incorporation. This document is particularly crucial in scenarios where founders need to work together, contribute resources, or develop intellectual property before the company is formally established. It addresses key aspects such as ownership structure, capital contributions, roles and responsibilities, and decision-making processes, all while operating within the framework of Australian corporate law, particularly the Corporations Act 2001. The agreement helps prevent future disputes by clearly documenting all parties' expectations and commitments, and typically includes provisions for the transition to a formal shareholders agreement upon incorporation.
